Ming took a cab across town. His fare was $ 2 2 $22dollar sign, 22, and he leaves an 1 8 % 18%18, percent tip. What is the total amount Ming pays the cab driver?

$25.96

Step-by-step explanation:

Fare = $22

Percent tip = 18%

Hi, to answer this question, first we have to multiply the fare paid by the tip percentage in decimal form (divided by 100 ):

Mathematically speaking:

22x (18/100) = 22 x 0.18 = $3.96 (tip amount)

Finally, we have to add the tip amount and the fare:

22 +3.96 = $25.96

Feel free to ask for more if needed or if you did not understand something.

if the probability is 1/12, 75 people will receive a $25 gift card

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%