A car was purchased for $31,000. its value depreciates at a rate of 8% per year. After how many years will the value of the car be $96007

Q: In 1970, a Reese Peanut butter Cup candy bar cost $.25. If the rate of inflation was 3% every year,…

A: According to question given that 1970 A Reese peanut butter cup candy bar cost=$.25Rate of…

Q: The TACO Truck costs $60,000. If you used a straight-line depreciation and plan to keep the vehicle…

A: Here cost of the asset =  $60,000 Here, we plan to keep the vehicle for 10 years  The salvage value…

Q: A new car is purchased for 22300 dollars. The value of the car depreciates at 10.25% per year. What…

A: Value of the car after 6 years

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: A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take…

A: given P=25700r=-3%=-3100=-0.03 (-ve sign because of depreciates)A=P(1+r)t A=25700(1-0.03)t…

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

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Q: A new car is purchased for 16500 dollars. The value of the car depreciates at 5.75% per year. What…

A: We have to calculate the value of car to the nearest cent after 5 years with depreciates at 5.75%

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

Q: An employee makes ​$10.73 per hour after getting a 6​% increase. What was his original wage per hour…

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Q: profit

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Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

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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: A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What…

A: Answer is mentioned below

Q: A bank loaned out $14.000, part of it at the rate of 7% per year and the rest at 17% per year. If…

A: Let the sum given at 7% of interest be x Therefore the sum given at 17% of interest = $14000-x The…

Q: Carolyn will receive a 5% increase in pay this year and a 6% increase next year. What is the percent…

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Q: A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on…

A: Solution

Q: Doing a quick calculation, I found that a sum of $10,000 in 1993 had the same buying power as…

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Q: A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be…

A: The depreciation formula is given by; W=C(1-d100)n where C is the current worth and w is the worth…

Q: mrs smith earns $2,400 per month and saves $600. what percent of her monthly income does she save

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Q: Instead of paying $20 per month, you decide to increase it to $50 per month.  How much will you owe…

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Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…

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Q: A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How…

A: Given that the depreciation rate = 17% = 0.17  So the depreciation factor = 1 - 0.17 =0.83  So after…

Q: A new car is purchased for 1900o dollars. The value of the car depreciates at 11.25% per year. What…

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Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: A new car is purchased for 24800 dollars. The value of the car depreciates at 12% per year. What…

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Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

A:

Q: A new car is purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What…

A:

Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

A:

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: A property sold for 210% of what the vendors originally paid for it. What was that original price if…

A: The recent selling price of the property is $390600.

Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: the smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate…

A: Current value, P = 75000Appreciation Rate, R = 4.3%Time, T = 7 yearsAmount after 7 years = P1 +…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

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Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 7%. How many years…

A:

Q: one man received 15% more then the other man when they shared an inheritance of $4300 how much did…

A: One man received $2000, another man received $2300

Q: A family has an annual income of $33, 000. How much is their monthly income? Their monthly income is…

A: A family has an annual income of $33,000. How much is their monthly income?

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: A car was valued at $34,000 in the year 2009. By 2013, the car value had depreciated to $12,000. If…

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Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

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Q: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year 2000.

A: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year…

Q: The Smiths bought an apartment for $75,000. Assuming that the value of the apartment will appreciate…

A: Please see the answer in Step 2

Q: A new car is purchased for 23200 dollars. The value of the car depreciates at 13.25% per year. What…

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Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Given, You inherited $5000 with the stipulation that for the first year the money had to be invested…

Q: Today, Sarah bought a condofor $310,000 a) Assumingthat the condo increase years?

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Q: Sarah opened a savings account with $800 and was paid simple interest at an annual rate of 7%. When…

A: solution :-

Q: An inheritance of $24,000 is to be divided among three trusts, with the second trust receiving twice…

A: Given :-  x + y + z = 24000 and y is equal to 2 times x then x+2x+z = 24000 z = 24000 - 3x 3x+z =…

Q: If the average value of a house increases 10% per year, how much will a house costing $120,000 be…

A: Given: Principle amount deposited, P = $120,000 Rate of interest, r = 10% times per year, n = 1…

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: You borrow $4,000 for one year from a friend at an interest rate of 1.5% per month instead of taking…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.