An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased for $40 000, find the value of the car 7 years from now.

Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: How much more money would be in his account after 5 years if he saved $300 than if he saved $250?

A:

Q: A new car is purchased for 22300 dollars. The value of the car depreciates at 10.25% per year. What…

A: Value of the car after 6 years

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: A new car worth $24,000 is depreciating in value by $4,000 per year. After how many years will the…

A: Let 'n' be the numbers of years so that car's values $12,000 Then, 24,000-4,000n=12,000…

Q: an

A:

Q: Suppose the value of your car is decreasing by 18% per year. If your car is currently worth $20,000.…

A:

Q: If the price of sneakers increases 6% per year, about how long will it take for the price to double?

A: Given ,  The price of sneakers increases 6% per year ,  We have to find the years that take for the…

Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

A:

Q: Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of…

A:

Q: The value of your house is rising by 5% per year. If it is worth 2 000 000.00 today, what will be…

A: We can find the final value as below

Q: A new car worth $27,000 is depreciating in value by $3,000 per year. After how many years will the…

A:

Q: When the mortgage is completely paid off for mark and Lynne’s house, it will be 5 times as it is…

A: Given: The house will be 5 times as it is now when the mortgage of the house is completely paid. The…

Q: The sum of the ages of a wood plaque and a bronze plaque is 20 years. Fouryears ago, the bronze…

A: Given: The sum of the ages of a wood plaque and a bronze plaque is 20 years. Fouryears ago, the…

Q: 5000

A:

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: A collectible baseball card is predicted to increase in value by 6.5% each year. If the baseball…

A: Let us denote x=time , y= value of the card Given that the initial value= $85 and baseball card is…

Q: The price of a new $20,000 car today is expected to increase at an average rate of $950 per year.…

A:

Q: Find the amount Erica owes at the end of 2 years if $6000 is loaned to her at a rate of 4%…

A:

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

A:

Q: A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years.…

A: The initial value of the car is 50,000 After 5 years the car value is depreciated by one half so…

Q: Invested at 6% interest, ₱10,000 today would be worth approximately ₱20,000.00 in ___ years.

A: Given information Principal P=$10,000 Interest I=$20,000 Interest rate r=6% We have to fin the time.…

Q: A new car is purchased for 24800d dollar's.The value of the car depreciates at 12% per year. What…

A:

Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

A:

Q: A new car is purchased for $35,000 and over time its value depreciates by one half every 6 years.…

A: Given  Initial Cost of car = $35000 its value depreciates by one half every 6 years

Q: A new car worth $30,000 is depreciating in value by $3,000 per year. After how many years will the…

A:

Q: Banks will often loan businesses large sums of money for short periods of time. If a company needs a…

A:

Q: A new car worth $25,000 is depreciating in value by $5,000 per year. After how many years will the…

A:

Q: If the population of the country doubles in 50 years, how many years it would triple?

A:

Q: A new car is purchased for 15500 dollars. The value of the car depreciates at 7.5% per year. What…

A:

Q: A man initially invested ​$800 in a savings account where interest is compounded annually. If after…

A:

Q: If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

A: Given : Initial investment = $100, rate of depreciation = 3% and time = 20 years

Q: A cell phone costs $750 and loses 28% of its value each year. What is the value of the phone after 2…

A: The given question can be solved in step2.

Q: A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the…

A: The principle amount is 16500, the rate of interest is -20% per annum and the number of years is 4.…

Q: A new car is purchased for 23200 dollars. The value of the car depreciates at 13.25% per year. What…

A:

Q: . How much money will the customer have in the account after 5 years?

A:

Q: A bank pays 6 % interest annually on savings, compounding the interest yearly. If we deposit $1000,…

A: Consider the given information.

Q: Platinum  is valued at $1500 per ounce.  If its value goes up 10% per year for the next 2 years,…

A:

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: A new car is purchased for 15300 dollars. The value of the car depreciates at 14.25% per year. What…

A: the value of the new car $15300 and the car is depreciated at 14.25% per year  for year 1 the…

Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: Today, Sarah bought a condofor $310,000 a) Assumingthat the condo increase years?

A:

Q: A new car is purchased for \$41,000$41,000 and over time its value depreciates by one half every 3…

A:

Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

Q: The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal in…

A:

Q: Miguel deposits 5380 dollars in an account, and 5 years later the account balance is 11060 dollars.…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do do only one question. If you want more to…

Q: A car depreciates at the rate of 5% every year. If a car costs 650, 000 now, what is its value on…

A: We will solve the problem