A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be before it's only worth $12,000?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

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: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: If you started with $50.00 and you spent $10.00, what is the percent change in the amount of money…

A: It can be solve using percentage change formula

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 principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

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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: How much was initially invested if the value of the investment is at P200,000

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Q: A certain financial institution declared a 50,000 dividend for the common stocks. If there are a…

A: Given: A certain financial institution declared a 50,000 dividend for the common stocks. If there…

Q: If you were investing money in an account and the interest rate was the same either way, would you…

A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…

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: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: A food corporation declared a dividend of P25,000,000 for its common stock. Suppose there are…

A: Dividend is P25,000,000  And shares are 1,80,000 So the per share dividend = Dividend/no of share…

Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…

A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…

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

A: Consider the formula for future value: F=P1-rnnt Where, F = Future value P= Present value n= Number…

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 business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…

A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…

Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…

A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…

Q: Kachina Caron invested $1800 in a simple interest account and earned $36 in 3 months, what is the…

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Q: Margo makes $82,000 every year. If she spends $24,000 on rent each year, what percent of Margo’s…

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Q: A bank loaned out $120000 part of it at the rate of 8% per year and the rest at rate of 12% per…

A: topic - percentage

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: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

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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 car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…

A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Lee Sutherlin's net earnings is $38,100. For a self employed person social security tax and the…

Q: Archie Buchanon has a $28,000 boat that loses 12.5% of its value yearly.  How much is his boat worth…

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Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…

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Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

Q: A distributor has a rate of markup of 35.00% on cost of its textbooks. If it sells each textbook for…

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Q: If I have $500 in my account after 4 years of investing at 2.5% per year, how much money did I start…

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Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: During a prolonged recession, property values on Long Island depreciated by 10% every 6 months. If…

A: Formula: D=P1-rn where D= Depreciation value P= Present value r= Rate of depreciation n= Number of…

Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…

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Q: how much will he expect to gain/lose in return? No

A: Here given, Vice Ganda plans to invest 100,000 pesos for a movie block screening for a cause. He…

Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

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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: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…

A:

Q: An executive invests $22,000, some at 6% and the rest at 5% annual interest. If he receives an…

A: Let the investment at 6% = $xSo,Investment at 5% = $(22,000-x)Interest for 6% = $6x100Interest for…

Q: A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it…

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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: what is the rate of return when 25 shares of stock a, purchased for 30/share, are sold for $825? The…

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Q: "On his tax return this year, Steve reports $575 income from interest. Assuming an interest rate of…

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Q: Starting on her 30th birthday, a woman will invest an amount every year on her birthday in an…

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Q: A land developer declared a dividend of P25,000,000 for its common stocks. Suppose there are…

A: Solution is given below: