A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take for the car to be worth $10,000?

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: A principal of $4400 is invested at 4.75% interest, compounded annually. How much will the…

A: explanation and solution is given below.....

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: You invested $11,000 in two accounts paying 5% and 8% annual interest. If the total interest earned…

A: Let in 5% I have invested x and in 8% I have invested (11000-x)   So total interest earned is:

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 3%. How many years…

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Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How much will the…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2600 r=4.25%=0.0425 n=1 for…

Q: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

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Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: A business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…

A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…

Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

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Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

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Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

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Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

Q: A bank loaned out $120000 part of it at the rate of 8% per year and the rest at rate of 12% per…

A: topic - percentage

Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

A: Simple interest:Simple interest is an easy method of calculating the interest charge on a loan.…

Q: A principal of $4900 is invested at 7.75% interest, compounded annually. How much will the…

A: A principal of $4900 is invested at 7.75% interest, compounded annually.

Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…

A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…

Q: Mandy bought a desktop computer system to start her business from home for $4,995. It is expected to…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: Invested at 6% interest, ₱10,000 today would be worth approximately ₱20,000.00 in ___ years.

A: Given information Principal P=$10,000 Interest I=$20,000 Interest rate r=6% We have to fin the time.…

Q: How much interest will Roxanne have to pay if she borrows $1000 for 2 yr at a simple interest rate…

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Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: A new car is purchased for $35,000 and over time its value depreciates by one half every 6 years.…

A: Given  Initial Cost of car = $35000 its value depreciates by one half every 6 years

Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

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Q: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6% per…

A: Given: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6%…

Q: Sehr put $1,000 into a savings account that earns 4%/a in interest, calculated simply. How much will…

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Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…

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Q: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

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Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…

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Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

Q: Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less…

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Q: A car is purchased for $31,000 . Each year it loses 30% of its value. After how many years will the…

A: Let the depreciated amount be represented by D(t). then according to the given condition.

Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years