A laptop computer is purchased for $1800. Each year, its value is 75% of its value the year before. After how many years will the laptop computer be worth $500 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. years

Q: A car is purchased for $38,000. Each year it loses 30% of its value. After how many years will the…

A: Let the exponential function that defines loss: P=P∘1-rt Where P∘ =initial price of the car r= loss…

Q: William just accepted a job at a new company where he will make an annual salary of $60000. William…

A: Given  Annual salary of William = $60000 salary raise = $5000

Q: Nanda Yueh and Lane Zuriff sell homes for ERA Realty. Over the past 6 months they sold 120 homes.…

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Q: A laptop computer is purchased for $3900. Each year, its value is 75% of its value the year before.…

A: Given the initial price of computer is 3900 After 1 year the value of computer is 3900·75100 After…

Q: An instrument store gives a 10% discount to all students off the original cost of an instrument.…

A: An instrument store gives a 10% discount to all students off the original cost of an instrument.…

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

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Q: A certain campus club spent of their yearly budget on a sweet toga party they threw. If they still…

A: lets budget is x  so spent 3/7 of budget on party party cost = 3x/7 after remaining is  x - 3x/7 =…

Q: Find the final amount of money in an account if $5, 900 is deposited at 7.5 % interest compounded…

A: From the concept of Compound interest

Q: Vern sold his 1964 Ford Mustang for $55,000 and wants to invest the money to earn him 3.6% interest…

A: Lets assume money invest into fund A= $x  Then money invest into fund B= $(55000-x)  for 1 year ,…

Q: Carolyn’s age is triple her daughter’s age. In eight years the sum of their ages will be 72. How old…

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Q: Wendy invests $6,000.00 at 3% simple interest for 3 years. How much interest is earned over the 3…

A: Formula : Interest = I = PRT/100 Amount = P + I

Q: David owns $25,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6…

A: Given, Principal = p =  25000$ Bond life = 10 years Payment cycle = n =  6 months = 6/12 = 1/2 year…

Q: A state lotto has a prize that pays $1,800 each week for 20 years. What is the total value of the…

A: According to the problem, we have

Q: kample 3 Darnel owes a total of $3060 which includes 12% interest for the three years he borrowed…

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Q: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

A: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

Q: A man gets a job with a salary of 38700 dollars a year. He is promised a 2910 dollars raise each…

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Q: A state lotto has a prize that pays $1,100 at the end of each week for 15 years. Find the total…

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Q: Lacap bought an antique dresser for 15 000.00 She estimates that it will increase in value by 5% per…

A: Given Lacap bought an antique dresser for 15 000.00 She estimates that it will increase in value by…

Q: A laptop computer is purchased for $4100. Each year, its value is 80% of its value the year before.…

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Q: A movie package can be added to a customers cable tv service for a cost of $8 per month. How much…

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Q: Heavy rain in Malolos's town caused the river to rise. The river rose three inches the first day,…

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Q: loan

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Q: A local pizza shop has a membership program for frequent buyers. The membership costs $10 per month…

A: Pizza shop membership cost= $10 Discounted price per slice = $1.50 Nachelle bought 11 slices of…

Q: A car is purchased for $15,500. After each year, the resale value decreases by 20%. What will the…

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Q: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

A: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

Q: A state lotto has a prize that pays $1,700 each week for 25 years. Find the total value of the…

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Q: A coffee maker costs P2,000. If it is bought 10years from today with an interest rate of 3%, how…

A: Given that cost of coffee maker = P2000 Bought the coffee maker 10years from today. Rate of interest…

Q: You are the administrator of an annual essay contest scholarship fund. This year a $84,000 college…

A: To find- Amount each contestant will receive.

Q: Jim deposits $520 at the end of each quarter in his savings account. If the account earns 5.15%, how…

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Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: A total of $26,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

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Q: You deposit $1080 in a savings account paying 3% simple interest. How much interest will you earn in…

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Q: Last year, John had $20,000 to invest. He invested some of it in an account that paid 7% simple…

A: This question is related to simple interest, We will solve it using given information.

Q: David posted $1500 in a savings account and an annual interest rate of 3% compound monthly. At the…

A: If P is the principal amount and the compound rate is r  (annually)then the monthly compounded…

Q: Mary’s father is four times as old as Mary. Five years ago he was seven times as old. How old is…

A: Given that Mary’s father is four times as old as Mary. Suppose that Mary’s age is x then her…

Q: A hotel charges an initial check-in fee of $30, plus $40 for each day the room is booked. How many…

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Q: A car is purchased for  $28,000 . After each year, the resale value decreases by  25% . What will…

A: We can make it easier for you.

Q: David owns $30,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6…

A: David owns principle amount : $30,000 rate of interest = 2%/year = 1/6 %/month so interest after 6…

Q: An investment pays simple interest, and triples in 9 years. What is the interest rate? Answer =…

A: Simple Interest formula , A=P(1+rt) where A= final amount,                                P =…

Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

A: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. We…

Q: Your aunt invests $400 into a savings account to help you pay for college textbooks. The savings…

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Q: Mike's monthly pay after taxes is $2,300. . He spends 30% of his pay on rent and 10% on utilities.…

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Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. a) How…

A: Use formula of compound interest to calculate value

Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

Q: Grace borrowed 5,000 pesos with a simple interest rate of 2.5%. She will use the money for 3 years…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Student council invests some of the money earned at a fundraiser in a savings account that paid 2.5%…

A: Let's Assume $ X is invested into the Saving Account and $ Y is invested into government bonds.…

Q: Brenda's bank offers car financing for 3, 4, or 5 years. If Brenda chooses 5- year financing, how…

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

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Q: Watch help video In the year 2003, a person bought a new car for $25000. For each consecutive year…

A: Worth of car in 2003 = $25000 Depression =12% per annum Worth of car in 2006 ?