A vehicle purchased for $27500 depreciates at a constant rate of 9 %. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole number.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

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Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

Q: You take out a loan of $59,000 for a term of two years at 11% interest compounded annually. What is…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

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Q: You borrow 1000 from your brother and agree to pay back 1060 in 20 months. What simple interest rate…

A: Formula used:

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: A vehicle purchased for $32,500 depreciates at a constant rate of 7%. Determine the approximate…

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Q: Consider a credit card with a balance of $7000 and an APR of 15.99%. In order to pay off the balance…

A: Given Amount borrowed =$7000 APR=15.99% Time =3 year

Q: A vehicle purchased for $29,800 depreciates at a constant rate of 9%. Determine the approximate…

A: Here we have to find the depreciation in the value of the vehicle

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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Q: A stock that pays an annual dividend of $0.57 per share has a current price of $32.25. Find the…

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Q: How much will he have in the account after 30 years?

A: Here use Future value formula

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: A car dealer will sell you the $16,750 car of your dreams for $3,290 down and payments of $333.97…

A: Consider the given information as, P=16750$,  t=48 month=4yr

Q: the per age. (R your earest cel $800,000 borrowed at 7% for 2 years, with quarterly payments

A: Use formula of periodic payment

Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: It is given that the initial principal amount is $2600. The simple interest after t=3 years is…

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

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: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

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Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: Find the interest. Round to the nearest cent. $1180 at 7.6% for 14 months

A: It is given that, $1180 at 7.6% for 14 months.

Q: find the total amount due and the amount of simple interest earned. round to the nearest cent…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

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Q: An auto dealer advertised a down payment of $1,500 on a Mustang valued at $19,400. What is the…

A: we are given the Amount of down payment of Mustang= $1500                             Cost of down…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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Q: What principal would you need to invest at a rate of 7% to earn $150 in 9 months? Round your answer…

A: To find: principal amount

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

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Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

Q: If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate…

A: According to the given problem, we have

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9030, r = 5.25%, t = 6 months

A: Given data is : P=$9030r=5.25%t=6 month=612 year=12 year To find the simple interest.

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

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Q: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…

A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I  = 1650…

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the Purchase a living room set for…

A: Find the APR for the purchase a living room set for 3600 at 12% add on interest for 3 year.

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest…

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

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Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: An auto dealer advertised a down payment of $1,400 on a Mustang valued at $18,200. What is the…

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Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

A: Given that  Inflation has been running per year=4.07% Cost of a new car=$23700 To find  The cost of…

Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

Q: A stock that pays an annual dividend of $0.60 per share has a current price of $30.50. Find the…

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Q: Calculate the amount of simple interest earned. Round to the nearest dollar. $2000 at 9% interest…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

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Q: Suppose a person borrowed $2000 and repaid the lender $2150 after 10 months. What simple interest…

A: Initial amount =$2000 Final amount = $2150 Intrest Paid = $150

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year

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