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Megan is buying a new stove for 499.99. Sales tax is 7.5%. How much will Meagan have to pay in total for the stove? Round your answer to the nearest penny.

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I don't understand this question
7.5%=0.075

$499.99 x0.075(%)
=$37.49925(sales tax)

$499.99 + $37.49925
=$537.48925

Round answer to the nearest penny...
The answer is $537.50