Benjamin Franklin invested $2 in 1776 into an account that has a 12% interest rate,in what year will his money reach $128?

Q: Kenya has $121,000 to invest. She puts some of it into an account paying an interest rate of 9% per…

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Q: You short-sell 200 shares of Rock Creek Fly Fishing Co., now selling for $50 per share. If you wish…

A: Shortage in sell = 200 shares Selling price = $50 Loss limit = $2,500

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

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

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Q: A realtor bought a group of lots for $90,000. He then sells them at a gain of $3,750 per lot and has…

A: Let's assume there are n  lots bought by the realtor So the cost price for a lot will be $90,000/n…

Q: Four investors bought a real estate asset together and decided to divide the profits equally.…

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Q: In 1990, the population of a country doubles compared to that of 1970. In what year will the…

A: To find out the year in which the population will be triple.

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: Jean is x years old and her younger brother Jonathan is y years old. What will be the sum of their…

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Q: A retired couple have $300,000 to invest and want to earn $30,000 per year in interest. The safer…

A: It is given that principal amount=$300000

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 9%. How many years…

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Q: Samantha earned $1480 in interest last year on her investments. If $5000 was invested at a certain…

A: Let the rate of $5000 is x% So the rate of $11000 is (2x/3)%   So the total interest earned=

Q: A company uses a type of truck which costs P2M, with life of 3 years and a final salvage value of…

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Q: The value of a share of stock on the stock market decreased by 22% if it used to be worth $17.78,…

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Q: This year, a salesman sells a total of $60,000 worth of steak knives by going door-to-door. This…

A: Given that a salesman sells a total of $60000 worth steak knives and it represents a 20% increase…

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: Lydia has half of her investments in stock paying an 11%11% dividend and the other half in a stock…

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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: The function y = 0.75x + 27 models the cost y, in dollars, of driving a rental car x miles. What is…

A: As per bartleby guidelines for more than one question asked only first is to be answered please…

Q: You invested $4000 between two accounts paying 2% and 8% annual interest, respectively. If the total…

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Q: A three-bedroom house in Buena Park is worth 596,000. If the cost of a house increases at 8.4% per…

A: #2. From the given information, the given model is an growth model. Given that, the initial is…

Q: Camille has a total of $2000 on deposit with two saving institutions. One pays interest at the rate…

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Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

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Q: Lena invests $5200 at 3% per year simple interest, while her friend David invests $3600 at 5% per…

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Q: whereas his partner Kris invested $30,000. How much more (in dollars) needs to be invested in order…

A: In this question we will use basic of algebra i.e concept of profit. Solution of the above question…

Q: For the month of December, company A's stock decreased from $50 to $43 per share and company B's…

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Q: Yesenia invests $24,000 into two funds – one paying a 3% annual interest rate and the other paying a…

A: Given, Principle(P)= $24000 r1= 3% r2= 7% r1=t2= 1year Total interest= $1000

Q: How can $52,000 be​ invested, part at 8% annual simple interest and the remainder at 5% annual…

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Q: A car that originally cost $3,943 in 1955 is valued at $64,125 if in excellent condition. This is 2…

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Q: Petra invested $750 in an aggressive stock fund that earned $60 per year. Regina invested $900 in a…

A: let a=750,d1=60 & b=900, d2=35 the nth term of any sequence with first term ‘a’ & common…

Q: How many years will it take $5,000 invested at 8% simple interest to double? How long will it take…

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Q: Both Ashley and Bill want to buy a $400 giant teddy bear. Ashley currently has $80, a 15% off…

A: ANSWER :

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

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Q: Larry Mitchell invested part of his $17,000 advance at 4% annual simple interest and the rest at 5%…

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Q: If four cars sell for an average of $10,000 each and three of the cars sell for $8,400 each, what is…

A: Given : Four cars sell for an average of $10,000 each and three of the cars sell for $8,400 each.…

Q: a woman investes $52,000 in two different mutual funds. one that averages 10% per year and another…

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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: How would I write this and solve? Fred has determined that his father had invested $30,000 at the…

A: Let Fed has invested $x in the local bank and $(30000-x) in a credit union.  Given that the local…

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

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Q: Jake has ​$225,000 to invest. He chooses one money market fund that pays ​% 6.2 and a mutual fund…

A: Given, Total money =$225,000 Let us consider that the money invested at 6.2% be x, So at 8.2% =…

Q: Devon invested $8000 in three different mutual funds. A fund containing large cap stocks made 6.2%…

A: Let he invested $x in the large cap stock fund.$y in real estate fund$z in  bond fundTotal…

Q: Devon invested $8500 in three different mutual funds. A fund containing large cap stocks made 8.6%…

A: Let x be the amount invested in a large capital stock , y be the amount invested in real estate and…

Q: A professional gambler reported that the end of the first race at the track he had doubled his money…

A: Topic:- logic

Q: Adam and Eve started working at Eden, Inc. on the same day. Their starting salary was $40,000. Adam…

A: Adam and Eve starting salary = $40000 Adam raise in salary = $ 2000/year Eve raises salary $10 in…

Q: If you had a million (106) dollars in a suitcase and you spent a thousand (106) dollars each day,…

A: Given:                    Total amount in million:= 106 dollars;                     Rate of…

Q: After one year Jonny's two mutual funds returned a total of $14,370. The first fund returned 2% and…

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Q: Monthly, Juan's net earnings are $8,000, and expenses are $7,000. If Juan saves the difference, how…

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

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Q: An absent minded bank teller switched the dollars and cents when he cashed a check for Mr. Brown,…

A: Given that: When a bank teller processed a cheque for Mr. B, he flipped the dollars and cents,…

Q: If Ben invests $4000 at 4% interest per year, how much additional money must he invest at 5.6%…

A: Ben invests $4000 at 4% interest per year. Let $x be invested at 5.6% annual interest to ensure that…