A credit card company reported that during one decade, its average cardholder's credit card balance rose 166%. Find the average rate of change in the credit card balance from 1992 to 2002. Credit Card Debt 10,000- 8560 The average rate of change over the 10-year period was $ (Round to the nearest cent as needed.) per year. 8000- 6000- 4000- 13220 2000 ON 1992 1994 1996 1998 20o00 2002 Year

Q: Cindy has a new job offer but will need a new car for the job. After planning a budget, they…

A:

Q: or which year, the percent increase of gold reserves over the previous year is the highest? a)…

A:

Q: admin261.acellus.com Acellus Learning Accelerator | Home Acellus - The Science of Learning Unit 4…

A: Given :-Share of stock=30Purchased for =$20/sharesold for=$720commission on sale=$6 thenwhat is the…

Q: Rasmus has 5000 dollars that he wants to invest. His bank has several investment accounts to choose…

A:

Q: Researchers find that there are 100 raccoons on an island. When they return a year later, they find…

A: According to our company guidelines we are supposed to answer only one question since you have asked…

Q: A loan of $100,000 is required to buy your new home. The bank offers a choice of a 30-year loan at…

A:

Q: You decide to invest $250 in an account that yields a return of approximately 4% each year. What is…

A: the solution is given below

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A:

Q: Home values in Springtown appreciate (increase) about 2% each year. In your notes, complete the…

A: Given data is : Home values in Springtown increase r= 2% each year Home purchased for P=$100,000…

Q: Chuong Ngo borrows $3200 from a bank that advertises a 9% simple interest rate and repays the loan…

A: Given Borrows amount =$3200Interest rate(r)=9%=9100=0.09n=4The annual percentage rate (APR) of a…

Q: Ancient Filipinos exchange their gold for porcelain wares and jade of the Chinese. The exchange rate…

A:

Q: John Lee's savings account has a balance of $716. After 3 years, what will the amount of interest be…

A:

Q: To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9790. What annual…

A: Given data,  Initial amount (P) = $9790 Final amount (A) = $10000 Time (t) = 6 months = 0.5 year…

Q: Question Dylan invested $2,790 for 271 days at a simple interest rate of 2.75% p.a. How much more or…

A: As per given question We have to determine change in interest

Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

A:

Q: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

A: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

Q: A student has a savings account earning 9% simple interest. She must pay $1200 for first-semester…

A: Given The simple interest on a savings account of a student is 9% and tuition bill for the first and…

Q: Jaden wants $25,000 in 5 years.  He can invest in a fund that earns 6% and compounds quarterly.  How…

A:

Q: Torch Industries can issue perpetual preferred stock at a price of $74.50 a share. The stock would…

A: Given, Annual dividend = $5.00 Current price = $74.50   We have to find company`s cost of preferred…

Q: Mr. Banker loans money at an APR of 20 percent. Interest is compounded monthly. What is the actual…

A:

Q: Inga was injured and can no longer work. As a result of a lawsuit, she is to be awarded the present…

A:

Q: A 6 year bond costs $2.000 and will pay a total of $200 interest over its lifetime. What is its…

A: If you like the solution then please give it a thumbs up.... The Answer is:           Rate :    r =…

Q: Question  A total of $5400 is invested, part at 12% simple interest and part at 7%. If the total…

A:

Q: A house was valued at $100,000 in the year 1988. The value appreciated to $175,000 by the year 2008.…

A:

Q: A car retail store reduces prices by 15 percent each year until the cars are sold. What will a…

A: It is question of successive discount , which can be relate by compound interest annually . If we…

Q: 11. Rabia invested $9000 per year in a mutual fund that averaged 13% net growth per year with…

A: Given information Principal amount P=$9,000 Rate of interest r=13% ⇒r=13100=0.13 Time t=8 years We…

Q: Chuong Ngo borrows $4500 from a bank that advertises a 9% simple interest rate and repays the loan…

A: r = 0.09 n = 5 payments

Q: 4. A car dealer offers a compact sedan for 36 monthly payments of $447.59 at 9.5% interest,…

A:

Q: The nominal interest rates is:

A: The nominal interest rate is the percentage increase in money you pay the lender for the use of the…

Q: Inflation If the average inflation rate is 2%, how long is It until purchasing power is cut in half?

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Ed's new car has a value of $23,500, but it is expected to depreciate at a rate of 7.5% per year.…

A: Ed's new car has a value of 23500$ Depreciation rate is 7.5% per year. We have to calculate value of…

Q: Suppose that there is an anual percent change of 6% in the account's value. a. The value of the…

A: Given that there is an annual percentage change of 6% in the account value.

Q: The following information is from a simple interest account that pays annual interest. Years, t B(t)…

A:

Q: A bank offers a CD that pays a simple interest rate of 8.0%. How much must you put in this CD now in…

A:

Q: In 2003, the median price of a house in a city was $135,000. Assuming a rate of increase of 5% per…

A:

Q: Nancy received a $38,500 annual salary in 2008 (base year). Answer the following questions using the…

A: The data is as follows:

Q: The population of the Norway doubled in the last 12 years from 1995 to 2007. Assuming the rate of…

A: According to question,Population of Norway doubled in 12 years from 1995 to 2007.

Q: Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously,…

A:

Q: The couple received an annual rate of % that year on their investment. We can display the facts of…

A: Given data-1: Principal P= 15000 Time t=1 year Simple interest = 1125 To find the rate of interest…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A:

Q: The price of a particular model car is $13,857 today, and rises at a constant rate of $1203 per…

A: Calculate the rise in value of car in 4.7 years and then add it to the initial value of car.

Q: A loan of $6,500 is given at 7.2% annual interest. If it is paid back monthly over five years, how…

A: Principal amount of the loan=P=$6500, annual interest=7.2%, to find the amount paid each month if it…

Q: Maria borrows $12 000 at 9%/a interest compounded monthly for 10 years. How much money will she owe…

A: Solution:

Q: Eric earned $53,000 in 2005. How much would he earn in 2014 if his earnings grew at the rate of…

A: NOTE: Refresh your page if you can't see any equations. . Eric earned $53000 in 2005 in 2005, the…

Q: If the population of Elmdale was 34, 500 in 2010 and was growing at an annual rate of 4.3%, in what…

A:

Q: If you make an investment of $4,500 and the investment earns an annual interest rate of 2.7%, how…

A:

Q: Person A deposits $2600 in an account that pays 7% interest compounded once a year. Person B…

A: The formula for finding the total amount is given by A=P1+rnnt where A is the total amount, P is the…

Q: Person A deposits $2600 in an account that pays 4% interest compounded once a year. Person B…

A: given: the amount deposits by person A in an account is $2600. the rate of interest is 4%. the time…

Q: You deposited $2,500 in a bank 4.5 years ago and it’s now worth $3,300. The bank compounded interest…

A:

Q: The population of the Philippines doubled in the last 30 years from 1967 to 1997. Assuming the rate…

A: