Using a formula from the Financial Literary Unit, Determine how long it would take to save $ 1000 in an account that earns 3% interest if you put aside $600 in savings each month.

Q: Allan borrowed $5500 from his father to buy a car. He repaid him after 10 months with interest of 5%…

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Q: the cost of a loan repayment is $4950 a month.what is the total cost for 12 months

A: given that the cost of loan repayment is $4950 a month. there are 12 months in a year.

Q: Maria Invests $600 in a bank account that earns simple interest. She earns $30 at the end of 12…

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Q: Using a formula from the Financial Literary Unit and the $600 a month put aside for savings,…

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Q: Hong wants to attend a college that will cost $14,000 for the first year. His uncle gave him a…

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Q: Jim deposits $520 at the end of each quarter in his savings account. If the account earns 5.15%, how…

A: D=520,  n=4,  r=5.15%=0.0515  &  t=4

Q: It takes you 32 seconds to walk from the first (ground) floor of a building to the third floor. How…

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Q: Carolyn’s age is triple her daughter’s age. In eight years the sum of their ages will be 72. How old…

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Q: Wendy invests $6,000.00 at 3% simple interest for 3 years. How much interest is earned over the 3…

A: Formula : Interest = I = PRT/100 Amount = P + I

Q: Luisa owns stock in the SBO Company. After the first year of ownership the stock is worth $45 per…

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Q: t takes mike 18 minutes to finish reading 4 pages of a book. How long does it take for him to finish…

A: Given data,For 4 pages it takes 18 minutesFor 30 pages how much time it wll take?

Q: Last year, Hans had $30,000 to invest. He invested some of it in an account that paid 8% simple…

A: Topic:- simple interest

Q: A person invests 25,000 in two funds paying 3% and 4.5% simple interest. The annual interest equals…

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Q: Use the formula for nPr to solve, For a segment of a radio show, a disc jockey can play 7 songs. If…

A: Given: A disc jockey can play 7 songs.

Q: Using the Formula  C1⋅V1=C2⋅V2   Mary needs 135 liters of a solution that has a concentration of 14…

A: Given, C1=14 g/mlC2=31 g/mlV1=135 Find total liters of 31 g/ml that needed to equal the amount of…

Q: Mary Branson invested her summer earnings of ​$2000 in a savings account for college. The account…

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Q: Lacap bought an antique dresser for 15 000.00 She estimates that it will increase in value by 5% per…

A: Given Lacap bought an antique dresser for 15 000.00 She estimates that it will increase in value by…

Q: Phyllis invested $9,500, a portion earning a simple interest rate of 8% per year and the rest…

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Q: Multi-Step When a number is multiplied by 1,000 and then by 0.1, the result is 6,810. What is the…

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Q: hannahbuys a roll of electrical tape for 1 quarter,then john buys a light bulb for 5 dimes.How much…

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Q: A student received an inheritance from her grandmother of $1000. She places the money in a savings…

A: Simple interest

Q: Perta walked 8/10 of a mile. How much longer does she have to walk if she wants to walk a full mile

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Q: Pat borrowed $2,000 to help pay college expenses. The interest rate was 8% annually, and she will…

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Q: Ken wants a $1,000 TV/sound system. He can't afford that amount, so he uses a credit card with 20%…

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Q: Colleen invests $10,000.00 at 5.04% simple interest for 3 months. How much interest is earned over…

A: Given that:                     Principal amoun, P=$10000Rate of interest, r=5.04%Time period, t=3…

Q: An executive in an engineering firm earns a monthly salary plus a Christmas bonus of $640. If she…

A:

Q: Last year, Miguel opened an investment account with $6200. At the end of the year, the amount in the…

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Q: Rachel invested $15,000 in an account that paid 5% simple interest. After one year, the amount of…

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Q: 13) The formula P = -365 +2.32x describes a hotdog stand's profit based on the number of hotdogs…

A: Answer and explanation is given below

Q: When there was a boom in the real-estate market, Jordan sold his condo for $462,170, which is 135%…

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Q: train

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Q: Khalil is training for a race by running everyday. The first day he runs 3 miles. Each subsequent…

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Q: Last year, John had $20,000 to invest. He invested some of it in an account that paid 7% simple…

A: This question is related to simple interest, We will solve it using given information.

Q: A city fundraiser raffle is raffling off 20 cash prizes. First prize is $10,000. Each successive…

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Q: KAYAK REIhas an end-of-season sale, during which it sells an ocean kayak for two people for $865. If…

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Q: BANKING After earning interest, the balance of an account is $420. The new 7. balance is of the…

A: Let the original balance be x New balance of an account = $420 New balance is 76 of the original…

Q: Charis invested $140. She earned a simple interest of 3% per year on the initial investment. If no…

A: Given,         Charis invested $140. She earned a simple interest of 3% per year on initial…

Q: A traveling salesman figures it costs 31 cents for every mile he drives his car. How much does it…

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Q: Student council invests some of the money earned at a fundraiser in a savings account that paid 2.5%…

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Q: A salesman sells a bike for $1.30. He makes a 3% commission. How much money does the salesman earn…

A: We have to find  commission..

Q: You saved  $280  on your new laptop because you bought it online. If this was a  20%  savings from…

A:

Q: A woman invests a total of $20,000 in two accounts, one paying 4% and the other paying 7% simple…

A: The simple interest I for the principle P with interest rate R for T years is given by

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.