A small business owner made $50,000 the first year he owned his store and made an additional 2% over the previous year in each subsequent year. Find how much he made during his fourth year of business. Find his total earnings during the first four years. (Round to the nearest cent, if necessary.)

Q: - Salaries An executive in an engineering firm earns a monthly salary plus a Christmas bonus of…

A: Per year salary=$97,300Christmas bonus=$8500

Q: Michael wants to buy some new exercise equipment for his home gym for ​$156,000 financed at an…

A:

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much…

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A: To find the interest she pays after 18 months

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A: Given p=2500, rate =10% per year, time = 10 year

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A: Hi! You have posted Finance question under Probability subject. We have answered this time. Next…

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A:

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Q: gyro bought a car priced at $7,589. He agreed to make payments of $260 per month for 36 months. How…

A: We have given that  Car priced = 7589 , he payments 260 per month for 36 month.

Q: 6. Trey wants to attend a college that will cost $17,400 for the first year. His uncle gave him a…

A: Trey first year cost =$17400 Trey special gift by uncle =$12000

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A:

Q: Paying 13 mortgage payments instead of 12 per year can save you thousands and interest cost. If you…

A: This problem is solved using PMT rule.

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A: Given that Jim borrowed $23500 from 3 different sources to buy a truck. 1) He borrowed some amount…

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A:

Q: Use a chart to solve the following problems Today Stephen is three times as old as Gautham Ten years…

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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: A person invests 25,000 in two funds paying 3% and 4.5% simple interest. The annual interest equals…

A: Given Information - Total investment made = $25,000 Rate of investment in each fund = 3% and 4.5%…

Q: Josh is saving the money he earns in his box. he had already earned $50 from previous work. He…

A:

Q: Chloe agrees to pay back $3,300 in one year at an interest rate of 6%. The bank subtracts the 6%…

A: Amount = $3300 Discount = 6%

Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How long was the…

A: We can find the duration of investment as below.

Q: Craig is saving to buy a vacation home. He inherits some money from a wealthy uncle, then combines…

A:

Q: Scott takes gets a student loan to go to college after high school. If he pays $750 in interest at a…

A: Given, Scott takes gets a student loan to go to college after high school. If he pays $750 in…

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A:

Q: Joyce went to a bank to borrow 100,000 pesos for a gadget she wanted to buy. The bank charges a…

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Q: A student decides she wants to save money to buy a used car, which costs $2600. She comes up with…

A:

Q: A shop owner offered 20% discount off the regular price of a mirror. The amount of the discount is…

A: We have to find the regular price of the mirror.

Q: Rene borrowed an amount of P 250,000 from his friend Caspian and he promised to pay the amount plus…

A: Let P is the principle amount, r is the interest and t is the time period for which interest is…

Q: A man buys an electric fan from a merchant that charges P1,500 at the end of 120 days. The man…

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Q: Shyna borrowed Php. 35,000 with an annual interest of 6%. How much would be the interest? a. 2,100…

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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: Chris bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200…

A: Let x be the desktop cost and y be the Laptop cost the laptop cost $200 more than the desktop.…

Q: Hans wants to attend a college that will cost $26,500 for the first year. His uncle gave him a…

A:

Q: 1. Langston has $62 and wants to buy a new guitar. To do so, he will need at least $200 plus 7%…

A: Here Langston has an initially 62$ with him initially and half of his weekly earning goes to his…

Q: Tom buys a car for $24,000. He pays no money down and will finance at 8% APR for 6 years. What will…

A: Solve by emi method

Q: Solve the problem. The appliance store where the Jordans shop offers a 5% discount for paying cash.…

A: Let the total cost before the discount is x, then the discount will be: Discount = x of 5% = x×5100

Q: A traveling salesman figures it costs 31 cents for every mile he drives his car. How much does it…

A:

Q: Ryan bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A: You must have an idea about interest rate to understand this problem.

Q: Ronny cuts hair as a side hustle. He has to pay rent (500$) to cut hair in the barbershop for 5…

A: Please see step 2 for answer.

Q: Mary bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $300…

A: Let's assume the cost of the desktop = x Then cost of of the laptop = x + 300 interest rate for the…

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: You take out a 10 month, $2,000 loan at 8% annual simple interest. How much would you owe at the end…

A:

Q: A shop owner offered a 20% discount off a regular price of a mirror. The amount of the discount is…

A: Find the regular price

Q: Juan is working part-time at a gas station. He has an interest in auto mechanics and wants to take a…

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Q: Problem Solving How much Should Audree deposit in 70%0 Simple interest þayıng bank to earn P24,500…

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Q: hana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather…

A: Given that: Cost of land in 1945, P = $25,000rate of increase, r= 5%

Q: John borrowed P15,000 for 2 years and with simple interest at 9%. How much c owe at the end of the…

A: Given

Q: A man died and left the following instructions for his fortune, half plus a million dollars to his…

A:

Q: Matthew obtains a 30-year $83,000 house loan with an APR of 7.85%. What is his monthly payment?

A: Given, Principal(P)=$83,000 Time(n)=30 year Interest=7.85% So, the monthly payment is given by the…