The equation gives the amount of interest a bank account receives after a certain period. An individual invests $6,000 into an account that receives 7% interest. How much time has passed if the amount of interest is $3,360?

Q: Solve each by setting up and solving an appropriate equation. If a DVD player costs a retailer $40…

A: Given  A DVD player costs a retailer $40 and it sells for $100.

Q: A laptop computer is purchased for $1850. After each year, the resale value decreases by 25%. What…

A: A laptop is purchased for $1850. After each year, the resale value decreases by 25%.Let the resale…

Q: You invest ​$1100. If the account grows by 6.3% per​ year, how quickly will the account be growing​…

A: We have P = $1100, r = 6.3% = 0.063, n = 1.

Q: Lori took out a student loan for a principle amount of $24,500 at a fixed interest rate of 5.5%.…

A: We will find out the required amount.

Q: A student has a savings account with $475 in it. She deposits $125 of her paycheck into the account…

A: A student has a savings account with $475 in it. She deposits $125 of her paycheck into the account…

Q: Paul puts $300 in a savings account that earns 3% interest annually. How much interest will he earn…

A: Given Paul puts $300 in a savings account that earns 3% interest annually. To find how much interest…

Q: A car is worth $16,500 when it is three years old and $12,000 when it is six years old. Solve for…

A: to find:- Depreciated amount after each year.

Q: An investment is represented by the equation 0.04 A (t) = 10, 250 (1+ 004)0 What is the value of the…

A:

Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

A:

Q: Explain why the amount of money in the account at the end of t years is given by the formula: P P 1+

A: Let us consider the interest compounded twice in a year.  Let yearly interest rate be r  and half…

Q: You invest £11400 in the bank and the interest rate is 11% per year. How much money do you have in…

A: The principal amount is 11,400. The interest rate is 11% per year and time is 1 year. The interest…

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

Q: A car is purchased for $27,000 After each year, the resale value decreases by 20%  What will the…

A:

Q: John Smith charges $100 for each yard he cuts. He makes $1000 every month he cuts which is 4 times a…

A:

Q: The purchase value of an office computer is $13,500. Its annual depreciation is $1750. Find the…

A: Purchase value of the computer is $13,500. Annual depreciation is $1750. So to find value of the…

Q: Joan has a gym gift card worth $100. Each time she visits the gym, $12 is deducted from the amount…

A: Joan has a gym gift card = $100 Deducted from the amount on the gift card = $12 each time she…

Q: The equation for the price of a baseball card that was bought for 5 dollars and has appreciated 5%…

A: Given: The equation for the price of a baseball card that was bought for 5 dollars and has…

Q: Solve the equation involving simple interest. How much interest will Roxanne have to pay if she…

A: Using simple interest formula

Q: A printing company purchases new equipment for $840,000 in the year 2020. The value depreciates over…

A:

Q: Write the equation that can be used to find the amount of each monthly payment. PV•O PMT = - where…

A:

Q: set up an algebraic equation and solve each problem. An inheritance of $300,000 is to be divided…

A: Let the money received by the son be $3x. Then the money received by the local heart fund is $x…

Q: A house purchased for $125,000 is expected to appreciate according to the formula y=7,500x+125,000,…

A:

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

A:

Q: Solve each by setting up and solving an appropriate equation. Glenn invests $4000 at 5% annual…

A: The principle amount invested by Glenn is P=$4000 The annual interest rate is given as r=5% The time…

Q: The rate of inflation for MLS tickets in 2018 was 16%.  Did the price of Atlanta United tickets…

A: Given the rate of inflation for MLS tickets in 2018 was 16%.

Q: We invest $5500 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Formula: The formula that represents the simple interest is: I=PRT100 I is the interest. P is the…

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

A:

Q: A company's stock was selling at $28 a share. A month later, it was selling at $21 a share. What is…

A: The ratio and proportions can be used to calculate the change in the values. The percent change can…

Q: Ted just bought a new car for $ 25,000. Suppose the value of the car decreases by 14% each year.…

A: The exponential growth or decay is modelled using the equation, P(t)=P0(1±r)t , where r is the rate…

Q: A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total…

A: The interest is the extra amount paid on the initial principal amount of the loan if no other…

Q: alculate the approximate value of a $260 000 house after five years if it has an appreciation rate…

A: Given that initial value of the house is $260000  and appreciation percentage is 6% per year. Find…

Q: Find the rate of interest if the principal value is $28000 with an interest value is $9000 after 5…

A: topic - simple interest

Q: If there are 180 grams of radioactive material with a half-life (decrease by half or 50%) of 1 hour,…

A: We have to find amount of radioactive material after 3 hours.

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 7%. How many years…

A:

Q: Victoria bought a jacket on sale for 20% off, and paid $85. What was the original price of the…

A:

Q: Solve each by setting up and solving an appropriate equation. A Florida beach house rents at a 30%…

A: Given the usual weekly rental amount for month January is $3,750. To find the weekly rental for one…

Q: A student has a saving account with $475 in it. She deposits $125 of her paycheck into the account…

A: Let, a is number of week.  475+125xa=7,000   Explanation:   125×a = 7000-475         a =6525/125…

Q: You decide to invest $900 into an account where interest compounds annually. If the interest rate is…

A: At interest rate 5%, Money in the account after 2 years is $992.25.

Q: You invest $9600 in a savings account that pays 3.6% simple interest. How long will it take for this…

A:

Q: An investment pays simple interest, and triples in 9 years. What is the interest rate? Answer =…

A: Simple Interest formula , A=P(1+rt) where A= final amount,                                P =…

Q: Set up an equation and solve for 'x' round answers to the nearest hundredth.

A: we have the given figure as   We have to write an equation for x   and we have to find the value of…

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: Every year, a video game console that cost $2500 loses around 10% of its value. a) Create an…

A:

Q: You bought a house for $75,000. You were told that it will increase in value by 2% a year. How much…

A: Given that, You bought a house for $75,000. You were told that it will increase in value by 2% a…

Q: solve the equation 0.08+0.09(9,000-x) = 750

A: We have given equation, 0.08+0.09(9,000-x) = 750

Q: John is buying a car for $8000. The value of the car will decrease by 5% each year. Which equation…

A:

Q: Lebron loaned $20,000 to his daughter to help her buy a house. When she sold the house four years…

A: Here I am attaching image so that you understand each and every step.

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

A:

Q: A car was valued at S$45,000 in the year 2009. By 2013, the car value had depreciated to $11,000. If…

A: Given that: P = $45,000 S = $11,000 t = 2013-2009 = 4 years. Use the compound interest formula,…