An investment pays simple interest, and triples in 17 years. What is the interest rate

Q: Monthly, Juan's net earnings are 5000, and expenses are 4.500. If Juan saves the difference, how…

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Q: The selling price of a refrigerator, is $750.00. If the markup is 25% of the dealer's cost, what is…

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Q: Jason earned $256 interest last year on his investments. If $1600 was invested at a certain rate of…

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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: Dante borrowed money from a credit union for 6 years and was charged simple interest at an annual…

A: Formula for simple interest : I = P×R×T Where , I is interest P is principal amount R is interest…

Q: Kerry earned a total of $900 last year on his investments. If $7000 wasinvested at a certain rate of…

A: It is given that, Kerry earned a total of $900 last year on his investments. Let x be the rate of…

Q: It will take 27 equal monthly payments for Aimee to pay off her credit card balance of $ 2053.62.…

A: The total credit card balance to pay off = $2053.62Aimee has to pay the amount in 27 equal monthly…

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: The price of a gallon of milk is increasing at a rate of 1 % per year. If a gallon of milk costs…

A: Given gallon of milk cost is $3.5 in 2014It is increasing at a rate of 1% per yearWe should…

Q: our investment account pays 3% interest. If you deposit $10 a day, how much will you have after 5…

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Q: According to financial experts, a renter should allow 25% - 30% of their gross income for rent.…

A: 30% of 52000 is the most he should spend on rent per month.

Q: Kerry earned a total of $900 last year on his investments. If $7000 was invested at a certain rate…

A: Statement Reason SI = (P×r×t)/100 Formula of simple interest P =7000, t=1 Given data for 1st…

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…

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Q: A season has 81 home Games. If you purchase a season ticket in the bleacher section, what is the…

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Q: Margo borrows $300, agreeing to pay it back with 3% annual interest after 224 days. How much…

A: Given, principal amount, P= $300,rate, r=3% annuallyand time, t=224 days =224/365 days now,

Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: To join an online learning community, you must pay their initial fee of 300.00 Php that lets you…

A: When I'll pay 300.00 Php, then with initial pay I also able for 1st month. Then for remaining (7-1)=…

Q: An electric car is a great way to save a lot of money on gas.

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Q: Randy currently earns $2,500 per month working. Each year he will get a $125 per month raise. How…

A: This question is based on algebraic operation.

Q: The cost of a car decreases by 10.2% every year. If the estimated resale value after 15 years is…

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Q: Alex invests 2000 in a company's stock, after a year her stock increase to 2500, what rates of…

A: Given:   Money invested by Alex in company stock = $2000.   After a year, Alex stock increased to…

Q: Bianca invested $2,260 for 280 days at a simple interest rate of 3.50% p.a. How much more or less…

A: Given information  P=$2,260 N=280 days R=3.50% pa R=3.50% pa=3.50365% per day=0.009589% per day The…

Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: How Much Should Be Invested To Have 6000 Pesos After 180 Days When Invested At 12% Simple Interest?

A: Simple Interest Equation : A = P(1+rt) Where A = Total Accrued Amount (principal + interest) P =…

Q: Jenny was planning a trip to the United Arab Emirates. Before going, she did some research and…

A: Given that,

Q: During a sale, the regular price of a keyboard is reduced by 40%. If the sale price is $30, what is…

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Q: A house has decreased in value by 15% since it was purchased. If the current value is $357,000, what…

A: In this question, we want to know the price of the house when it was purchased by the given…

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

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Q: If a savings account pays 3% simple annual interest, a deposit of $250 will earn $______ in 2 years.…

A: GIVEN DATA : Saving account pays 3% simple annual interest, Deposit is $250 in 2 years       TO FIND…

Q: If you drive for 7 hours and travel 385 miles, what is your rate

A: Solution

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

A:

Q: A customer pays 50 dollars for a coffee maker after a discount of 20 dollars.What is the original…

A: Given that the customer pays 50dollafor a coffee maker after a discount of  dollars.

Q: Ravi borrowed money from a credit union for 3 years and was charged simple interest at an annual…

A: Simple interest = S. I =( P* N* r) /100   Where P = ammount borrowed               N= number of year…

Q: To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How much…

A: Simple interest = PRT100, where P = principal amount R= Rate of interest T= Time in years…

Q: A friend asks to borrow $500 and agrees to repay it in 60 days with 4% interest. How much interest…

A: Given Principal=$500Time=60 daysRate of interst=4%

Q: How long will an amount of money triple at a simple interest rate of 1% per annum? At what simple…

A: 1. Let principal P be x and amount be 3x. We know that, A=SI+P 3x=SI+xSI=2x The value of R is 1% or…

Q: The selling price of a refrigerator, is $750.00. If the markup is 25% of the dealer's cost, what is…

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

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Q: Celine deposited $505 into her savings account. If the interest rate of theaccount is 5% per year,…

A: Initial amount= P= 505  Interest rate= r= 5%= 0.05  Time = t= 4 years Interest= I = ?

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

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Q: A bag costs $ 300.00. If the sales tax is 5%, then how much would you actually pay for the bag?

A: To find the actual pay for the bag.

Q: Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest…

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Q: A piece of furniture has a retail price of $780 and is on sale at a 20% discount. What will be the…

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Q: At the end of 9 months, the balance of an account earning annual simple interest is $8180. If at the…

A: Given:Account balance after 9 months = $8180Account balance after 15 months = $8300Let A(t) be the…

Q: gary invests $52000 in two different mutual funds , one that averages 10% per year and another that…

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Q: laptop computer is purchased for  $2350 . After each year, the resale value decreases by  35% .…

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Q: An account executive deposited $54,000 into two simple interest accounts. On the tax-free account…

A: Let's find.