Question

A grocery bill is $26.15 and has 5% tax added on. How much is the tax, rounded to the nearest whole cent? im pretty sure its $27.00

Answer 1

$1.31

Explanation:

When you do 26.15 • 0.05, which is the equivalent of 5%, then the tax would equal 1.3075

1.3075 has to be rounded to 1.31, since when calculating money, values are rounded.

Answer 2

5% = 0.05

26.15 * 0.05 = $1.31

The tax is only $1.31