a car depreciates by 16% per year. how many years will it be until the car is worth half its original value?

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: mr. and mrs lkan deposite $15,000 into college saving account with an annual compound interest rate…

A: Given that Mr. and Mrs. Ikan deposited $15,000 into college saving account with an annual compound…

Q: Truck value: 64000  if the truck retained 60 percent of its value every year what is the value of…

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Q: $3280 at 0.3%. simple interest paid back in 9 years how much was paid in total?

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Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: How an aclount in the account in 8 years Assume the account. earns 6% interest CompoyAced monthly…

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Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: The population of Shady Cove is growing at 3% per year. If the population is currently 25,000, what…

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Q: e profit increases by 26% every 6 years.

A: Initial profit = $208 Increase rate after 6 years = 26%

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

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Q: You buy a new computer for $2750. Every year, its value decreases by 7.5%. What will be the value of…

A: Here the price of the computer is decreasing at a rate of 7.5% as that of the pervious year. So the…

Q: The value of a tractor decreases by 9.85% each year. After 3 years its value is $20,150 a) Find the…

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Q: Saving Account: A man invests $8,000 in a savings plan that pays 7% per year. How much money will be…

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Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: How many months will it take an amount of $6,000 to earn $120.00 simple interest at an annual rate…

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Q: 1. Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin's account at the…

A: For principal amount P, and simple interest r%/a, the amount after t years         = P(1 + rt/100)

Q: You invest $3075.00 into a savings account and make no deposits for 10 years. The account compounds…

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Q: Three successive 40% increases is how much of an increase?

A: The objective of this question is to find the total percentage increase after three successive 40%…

Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: A copy Machine depreciates at the rate of 15% each year. If the original copy of the copy machine…

A: We know, Value after time t years = Initial value × 1+rate100t

Q: 6. The value of a new speed boat depreciates at a rate of 7% per year. If the boat was bought for…

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Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.