A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be before it's only worth $12,000?

Q: Benjamin Franklin invested $2 in 1776 into an account that has a 12% interest rate,in what year will…

A: It is simple interest problem

Q: A well driller charges $10.00 for drilling the first meter of a well and for each meter thereafter…

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Q: What sum of money earns $312 simple interest if invested for 8 years at 13%?

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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

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Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

Q: You think you need $1.5 million and your retirement advisor thinks you will average 6% a year on…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=1.5million=1500000 n=1 for…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: National Storage paid a dividend of $1.90 per share last year. If yesterday's closing price was…

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Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

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Q: A 1998 Pontiac Grand-Am depreciates in value by 18% on average each year. If the car originally sold…

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Q: Suppose you spent $800 on clothing in the past six months. Suppose you save this same 20% each year…

A: Given that, The total cost of clothing is $800. Now, saving 20% of $800 in a year is, 20100×800=$160

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

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Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

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Q: 5000

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Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: Find how much should be invested to have $16,500 in 9 months at 9.7% simple interest.

A: It is an important part of statistics . It is widely used .

Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

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Q: . Nadia received $200 for her 10th birthday. If she saves it in a bank account with 7.5% interest…

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Q: A house purchased for $171037 is worth $66403 after 15 years. Assuming that the house's value…

A: Topic - depreciation of house

Q: mrs. smith invested P500,000 in a company that offers 6% interests compound annually. How much will…

A: We need to find worth of investment for 5 years.