Your pay increased by 5% the first year, 10% the next year, and 15% in the third year. Was the overall increase 5 + 10 + 15 = 30% ? Explain.

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Q: Q12 You invested $9,000 in to a mutual fund with a management fee of 0.85% of the total asset…

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Q: Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. What are your…

A: Hi! Thank you for the question, As per the honour code, we are allowed to answer three sub-parts at…

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A: See answer below

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A: Let, x is the amount invested in the first part at 9.5 % y is the amount invested in the second part…

Q: An item is regularly priced at $30. Yolanda bought it at a discount of 20 % off the regular price.…

A: Here the 100% proce of an item is $30.Yolanda bought it for 20% off. So, 100% – 20% = 80%.

Q: A company's stock was selling at $25 a share. A month later, it was selling at $30 a share. What is…

A:

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Aim:  We need to find the amount paid by user (in dollars) under different plans for the medical…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: George contemplates the purchase of100 shares of a stock selling for $15 per share. The stock paysno…

A: From given, P=$15100=$1500r=15%=0.15t=5n=1

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Q: 3. Jason started a lawn cutting business for the 10 weeks of summer. In his first week, he earned…

A: Given,           Jason started a lawn cutting business for the 10 weeks of summer. In his…

Q: 1. Jack bought a computer for $2000.00 dollars and was forced to sell it for $1,800.00 a. How much…

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Q: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

A: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

Q: An investment increases in value by 35%. If the final valye is $5,298.75, then what was the initial…

A: Percentage problem.....

Q: A total of $16,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

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Q: Slave Lake Mining sold 34,000 oz of gold in Year 1 at an average price of $1160 per oz. As a result…

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Q: You invested $10,000 in two accounts paying 8% and 10% annual interest. At the end of the year, the…

A: Simple interest = P r t /100

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: Eric's average income for the first 4 months of the year is $1,450.25, what must be his average…

A: From the provided information, Eric’s average income for the first 4 months of the year = $1450.25…

Q: A school's enrollment is 5,200, which is a 20% decrease from last year's enrollment. What was last…

A: We need to find the total enrolment last year.

Q: 6. Jane budgets 9% of her net salary for groceries. If she spent $450 on groceries last month, what…

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Q: A total of $16,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

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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: Anthony's annual income has been increasing each year by the same amount. The first year, his income…

A: Given that, Anthony's annual income has been increasing each year by the same amount. The first…

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

A: First of all, consider the SI formula for the calculation of the interest monthly. Principal amount…

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Q: After working for five years, your friend is now being paid $42,000. Your friend told you that he…

A: Topic = Sequence

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: 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…

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A: Percentage is a number which is represented as a fraction of 100. The percentage is denoted by the…

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A: Given average annual cost of college at 4 year private college is $ 29,056 in academic year…

Q: 5. Julie's monthly net salary is $6500, and she budgets $1820 for housing expenses. What percent of…

A: We have to find

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A: Given

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A: Jamal wants to save at least 8% percent of his income every month. And he gets $100 allowance every…

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: Suppose you invested  $1300 in the stock market 2 years ago.  During the first year, the value of…

A: Here we have to find the total money at the end of 2 year periods.

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

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Q: A company's stock was selling at $15 a share. A month later, it was selling at $27 a share. What is…

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

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Q: Starting at the age of 40, an average man loses 5% of his hair every year. Atwhat age should an…

A: Consider the exponential decay formula,

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: Given:   A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest.…

Q: You receive a raise on your hourly pay from $9.25 to $9.50 per hour. What percent increase in pay…

A: You receive a raise on your hourly pay from $9.25 to $9.50 per hour. What percent increase in pay…

Q: Let's say you worked a 40 hour week and made 7.45 a hour with 2 weeks of vacation. How much would…

A: First, we  calculate the  earnings for the regular hours  worked during the week. i.e. => 40×…

Q: How much should you invest now at 3 3/4% simple annual interest in order to earn $190 interest in 5…

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Q: 3. The cost of ice cream has increased by 17% in the last year. The current price is $6.50. What was…

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Q: Brooke invested 40% of her money in mutual funds, 30% in real estate, and 30% in stocks. If the…

A: Question is solved.

Q: John grosses $27,000 a year. What is his gross semi-monthly wage?

A: