Answer: $3.57
Explanation:
1.) When converted to a decimal,
5% = 0.05
It can also be seen as 5/100. 5 out of 100.
2.) Next, multiply 0.05 by 3.40
(0.05)(3.40) = 0.17
0.17 is the 5% tax that was added onto the original price (3.40)
To get the total price, add 3.40 and 0.17.
Your answer is: $3.57