Ted just bought a new car for $ 25,000. Suppose the value of the car decreases by 14% each year. What will be the value of the car after 5 years?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: In 1983 the average tuition for one year at an Ivy League school was $11,800. Thirty years later, in…

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Q: Stephan has $100, which he put in a savings account that pays4% interest, compounded annually. How…

A: Since solve the first question for you. If you want any specific question to be solved then please…

Q: In 1970, a Reese Peanut butter Cup candy bar cost $.25. If the rate of inflation was 3% every year,…

A: According to question given that 1970 A Reese peanut butter cup candy bar cost=$.25Rate of…

Q: Sally made a profit of $2500 after selling stocks for $19000 after 2.5 years.What was her average…

A: We need to find average annual growth rate.

Q: Due to depreciation, the cost of a car decreases by 10.2% every year. How much is the estimated…

A: The solution is given below.

Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

A:

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: Kelsey heard that she could triple her money in 11 years if she invested it in a large…

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

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

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Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Fred invested $25,000 at 4% simple interest. What will be the total value of the account after five…

A: In this question we have to find the Accumulated value after 5 years investmnet of 25000 now  .…

Q: A car was purchased for $31,000. its value depreciates at a rate of 8% per year. After how many…

A: Since, it is given that a car was purchased for $31,000⇒P=31,000 and also it is given that value of…

Q: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

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Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: Francine currently has $65,000 in her 401k account at work, and plans to contribute $6,000 each year…

A: Given,  Francine currently has $ 65000 in her account  and plans to contribute $ 6000 each year for…

Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…

A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…

Q: How much should you invest at 3.2% simple interest in order to earn $90 interest in 4 months?

A: The formula is I=Prt , Where I=interest earned, P=principal, r=rate of interest, t=time. Here, I=$90…

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

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

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Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…

A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…

Q: Sally made a profit of $2500 after selling stocks for $19000 after 2.5 years. What was her average…

A:

Q: Mandy bought a desktop computer system to start her business from home for $4,995. It is expected to…

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Q: How much should you invest at 4% simple interest in order to earn $65 interest in 19 months?

A: Given: r=4%=0.04 I=65 t=19 months=19/12=1.5833 years To find P=?

Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: If P1000 accumulates to P1500 when invested at a simple interest for three years, what is the rate…

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Q: Martina has $50 in a savings account that earns 5% interest per year. The interest is not…

A: According to question given that Martina savings (p)=$50Rate=5%First converting R percent to a r a…

Q: 2. Simone bought her house for $150,000 in 2000 and sold it for $725,000 in 2020. What are the total…

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Q: A salesman earns ​$60,000 in commission in his first year and then has his commission reduced by…

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Q: Find the rate of interest if N2,800 gains N600 in 5 years

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Q: Chloe has $90,000 in a savings account that earns 9% annually. The interest is not compounded. How…

A: Given,         Chloe has $90000 in a savings account that earns 9% annually, 4 months.

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: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

A:

Q: A friend has an IRA with an APR of 3%. She started the IRA at age 30 and deposits $125 per month.…

A: Use the formula of future value to determine the value of IRA.

Q: Dominic works after school to save money for college. He makes monthly deposits of $250 into an…

A: Given: Deposit =$250Rate of interest=4%Time =5 years

Q: Ken wants a $1000 TV/sound system. He can't afford that amount, so he uses a credit card with 20%…

A: Here, P = 1000, r = 0.20 and t = 4. The interest for each month can be calculated as That means, he…

Q: Jamal wants to save $46,000 for a down payment on a home. How much will he need to invest in an…

A:

Q: Destiny's investment account was valued at $15,000 but then lost 17% of its value. What percent…

A: Destiny's investment account valued at $15000 => Initial value = 15000 Lost by 17% of its value.…

Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: Sanjay borrowed $7000 at a simple interest rate of 3% per year. After a certain number of years he…

A:

Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

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

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Q: Joshua heard that he could triple his money in 27 years if he invested it in his friend's…

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Q: A house was valued at $125,000 in the year 1992. The value appreciated to $170,000 by the year 2000.

A: Consider the provided information, A house was valued at $125,000 in the year 1992. The value…

Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

A:

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