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: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…
A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…
Q: If a 31-day salary is 3,500, how much is it for 4 days?
A:
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: 7700 dollars is placed in an account with an annual interest rate of 5.75%. How much will be in the…
A: I have Provided this answer in step-2.
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: A boat costs $10,800 and decreases in value by 6% per year. To the nearest penny, how much will the…
A: Costs of boat after 7 years is $7003.55 .
Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If his earned…
A: To find the investment in each account.
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: You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will…
A: Given that , Initial debt D0=$750 r=19% when Dt=450 then t=?
Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…
A: Given: Month payment=$512.49 Mortgage=$150,000
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: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…
A: In this question we have to find the amount which is loaned out at 8%.
Q: and 6 months,
A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…
Q: A new car is purchased for 21100 dollars. The value of the car depreciates at 10.5% per year. What…
A:
Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…
A:
Q: A bank loaned out $600,000, a part of it at the rate of 12% per year and the rest at a rate of 6%…
A: Let the amount loaned at 12% be: x Let the amount loaned at 6% be: y Total amount loaned out is: $…
Q: A new car is purchased for 1900o dollars. The value of the car depreciates at 11.25% per year. What…
A:
Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…
A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…
Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…
A:
Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…
A:
Q: How much should you invest at 4% simple interest in order to earn $65 interest in 19 months?
A: Given: r=4%=0.04 I=65 t=19 months=19/12=1.5833 years To find P=?
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: Mrs. Stevens bought a Mustang for $ 25,000. If it depreciates at a rate of 15% a year. What is the…
A: Depreciation amount is equal to 15% of 25000.
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: 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: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…
A:
Q: If you paid $47 to a loan company for the use of $1120 for 191 days, what annual rate of interest…
A:
Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…
A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…
Q: A new car is purchased for 15500 dollars. The value of the car depreciates at 7.5% per year. What…
A:
Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…
A:
Q: A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it…
A:
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 payday loan is made for five weeks, where the amount of interest owed per $100 borrowed is $20.…
A:
Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…
A:
Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…
A: Since you have asked multiple questions in a single request, we would be answering only the first…
Q: Sanjay borrowed $7000 at a simple interest rate of 3% per year. After a certain number of years he…
A:
Q: How much do you need to deposit each month for three years into a savings account that pays 6.5% APR…
A:
Q: A new car is purchased for 23200 dollars. The value of the car depreciates at 13.25% per year. What…
A:
Q: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…
A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…
Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…
A:
Q: If John earns $4,500 per month and spends 20% of his earnings on his monthly rent, how much does he…
A: We have to find
Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…
A: Let the amount invested in 9% fund be x. As, the amount is %5000. Therefore, the amount invested in…
Q: A butcher sells 4 paunds of meat for $14. What is the price per pound
A: A butcher sells 4 pounds of meat for $14.
Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…
A:
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.
A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on deposit?
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- Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount with 8.2 APR, compounding daily, in orderto reach his goal in 5 years?Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would pay $6,596.25 in interest over five years. How much did he borrow to pay for his car?Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it take for her money to double?
- Susana invested a principal of $36,000 in her bank account that earned simple interest at an interest rate of 6.5%. How much interest did she earn in three years?Loren lent his brother $3,000 to help him buy a car. In four years, his brother paid him back the $3,000 plus $660 in interest. What was the rate of simple interest?Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what would his monthly deposits need to be if he invests in an account offering a 4.2% annual interest rate that compounds monthly?
