A $500,000 189 day treasury bill was sold on it's issue date for $488,248.91 Find the rate of interest on the bill. % pa Round your answer to 2 decimal places

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: A laptop computer is purchased for $1850. After each year, the resale value decreases by 25%. What…

A: A laptop is purchased for $1850. After each year, the resale value decreases by 25%.Let the resale…

Q: 6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: In the question it is asked to calculate the total amount generated in account.

Q: If the sales tax is $10.03 on a purchase of $221, what is the sales tax rate? Round your answer to…

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Q: A hitch and trailer listed at $ 2149.00 has a net price of $ 1360.00. What is the rate of  discount?…

A: Percentage question

Q: A new car is purchased for 25000 dollars. The value of the car depreciates at 8.25% per year. What…

A: The solution is given below.

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: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: future value can be calculated as FV = PV(1+i)n PV = $200000 i = rate of interest -ve for…

Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

A:

Q: A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the…

A: To find : Approximate value of the vehicle 12 years after purchase .

Q: A car is purchased for $27,000 After each year, the resale value decreases by 20%  What will the…

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Q: A house that 23 years ago was worth $180,000 has increased in value by 2% each year because of…

A: We have to to slove above questions

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 new car is purchased for 16200 dollars. The value of the car depreciates at 14.25% ber year. What…

A: The solution is here

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

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Q: The value of your stock investment in a certain company decreased 10 % over the last year. If the…

A: The problem regarding stock investment. percentage of decreases is given. And we have to calculate…

Q: A payday loan store charges $35 for a one-month loan of $240. What annual interest rate is this…

A: In this question we need to find the annual intrest rate . Given  Loan charge for one month = $35…

Q: The average salary of a government worker is $42,837.00 per year. Given that this is about 9%…

A: Assume the average salary of a government worker be x and the yearly salary of a private-sector…

Q: If Monsieur Legendre is charged an interest of $42.95 on a loan of $950.00 for seven months,…

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Q: John Lee's savings account has a balance of $2685. After 6 months, what will the amount of interest…

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Q: 4400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A:

Q: Isabella purchased $20,000 worth of 13-week T-Bills for $19,525. What will be the rate of return on…

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

A:

Q: 3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: Here i consider two conditions  if amount on simple interest  or if amount on compounded interest

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: After a three-tenths increase of his current hourly wage, a man receives a new hourly wage of…

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Q: Sam loaned $15,000 to his brother to make a down payment on a new home. Five years later, he paid…

A:

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

A: We have to solve this question by the rule of  A=P(1+r/100)t where P is the initial amount and r is…

Q: 3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the…

A: Given that $3600 is placed in account with an annual interest rate of 9%.

Q: You have an opportunity to purchase a bond that will pay out $734 in 14 months.  If you would like…

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Q: A new car is purchased for 1700o dollars. The value of the car depreciates at 13.5% per year. What…

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Q: During the last year the value of my car depreciated by 30%. If the value of my car is ⁢17,000…

A:

Q: A house that 24 years ago was worth $190,000 has increased in value by 2% each year because of…

A: Initial value= P= 190000 Growth rate= 2%=0.02 Time=t= 24 years Final value= A=?

Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

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Q: After receiving an inheritance, a newly married couple invested $15,250 for 10 years and received…

A: If P is principal , r is rate of interest and t is time , then simple interest is

Q: A house that 21 years ago was worth $190,000 has increased in value by 4% each year because of…

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Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

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Q: You borrow $710 from your brother and agree to pay back $770 in 3 months. What simple interest rate…

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Q: The decimal 0.79 is equivalent to what percent? %

A: Solution of this question is

Q: A house that 21 years ago was worth $150,000 has increased in value by 4% each year because of…

A:

Q: Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest…

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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: Mike Drago took out a loan for $3,300 at the Gold Coast Bank for 270 days. If the bank uses the…

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Q: 3400 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the…

A: Given:  Principal=P = $ 3400 Rate of interest= 7.5% To find the amount of money in account after…

Q: A loan of $900 was repaid at the end of 6 months with a check for $925. What annual rate of interest…

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Q: The value of your stock investment in a certain company decreased 20 % over the last year. If the…

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Q: A manufacturer of skateboards offered a 7/5/2 chain discount to many customers. Bob’s Sporting Goods…

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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 loan of $1,090 was repaid at the end of 12 months with a check for $1,115. What annual rate of…

A: