Let’s assume you bought a new car with Tk. 3,500,000. The car depreciates in value by 40% after the first year, 20% after the second year, and 10% after the third year onward. What is the average rate of depreciation per year after three years? Therefore, what will be the value of the car after three years of use?

Q: You want to save $50,000 in 18 years for a college fund for your child by making regular,…

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Q: Water damage from a major flood in a Midwestern city resulted in damages estimated at $108 million.…

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Q: A3 year bond costs $10,000 and will pay a total of $3,600 in interest over its lifetime. What is its…

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Q: Find the compound interest on Rs4000 for the 5th year when the rate of intrest is 8%p.a

A: Given : Principal amount (P) = Rs4000 No. of Year (n) = 5 Rate if interest per annum (i) = 8%=0.08

Q: Mrs. Aquino retires at the age of 63 and uses her life savings of 120,000 to purchase an annuity.…

A: Consider the provided question, Given, PV (present value) = 120,000 Interest rate (i) = 6% = 0.06…

Q: Assume that cigarettes cost $9.50 per pack and consider a 20 year old  college student smoker who…

A: Here given  cost of 1 cigarette= $ 9.5 and college student somkes 16 packs per month  And now he…

Q: What is the rate if a principal of 11000 earned $1815 interest in 3 years.

A: Given,          The rate if a principal of 11000 earned $1815 iterest in 3 years.We that that,…

Q: suppose you pay back $455 on a $425 loan. You had the loan for 120 days. what is your simple annual…

A: Formula for simple interest:A=P1+rtwhere A= Total amount         P=initial amount         r=…

Q: You want to be able to withdraw $50,000 from your account each year for 30 years after you retire.…

A: We will solve the problem.

Q: If a Bond has duration of 11 years with a bond price of 1000 and a yield to maturity of 4%. If the…

A: Bond duration = 11 years Bond price = 1000 Yield to Maturity(YTM) = 4% To find: What is the bond…

Q: Suppose you wish to borrow $⁢600 for five weeks and the amount of interest you must pay is $25 per…

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Q: A vehicle purchased for $20,700 depreciates at a constant rate of 8%. Determine the approximate…

A: Vehicle purchased for $20,700 Rate of depreciation is 8% Time = 11 years To determine the value of…

Q: Suppose that you have $15,000 in a rather risky investment recommended by your financial advisor.…

A:

Q: A man earns GH¢3,840.00 per annum and pays an income tax of GH¢48.00 per month. What percentage of…

A: We will have need to calculate the tax given in a year

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

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Q: A $500 bond matures in 25 years. What should you be willing to pay for the bond now if you want an…

A: To calculate the present amount of bond that is willing to pay if amount of bond is $500, the time…

Q: What is the dividend yield on Stock A that sells at $20/share, when Company A pays a quarterly…

A: Quarterly dividend=$0.20Share price=$20To find Dividend Yield

Q: A vehicle purchased for $20,700 depreciates at a constant rate of 8%. Determine the approximate…

A: The vehicle value is depreciating, so the equation of exponential decay is:

Q: On January 1, Alex received an inheritance of a thirty-year annuity. Starting on the day of the…

A: Given  Annuity pay on january 1 =1000$ Annuity pay on April 1 =3000$ Annuity pay on july 1 =2000$…

Q: 2. When buying a new car, one consideration is how fast the car loses value, known as the…

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Q: You want to be able to withdraw $35,000 from your account each year for 15 years after you retire.…

A: We have to find how much will we need to deposit each year until retirement to achieve our…

Q: The average price of tuition and fees at public 4-year colleges and universities increased from…

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Q: You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.…

A: Given that, You want to be able to withdraw $50,000 from your account each year for 25 years after…

Q: Calculate the time needed on an investment of  $400,000 to gained                           an…

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Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: You have been maintaining a savings account average daily balance of Php 40,000 in Bank JKL for the…

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Q: c) AKZ Sdn. Bhd. bought a company van at a price of RM 150,000. The depreciation rate is estimated…

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Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: Find the effective rate corresponding to a slated rate of 10% compounded montly.

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: If the amount that $1000 will purchase is only $930 after 2 years, what was the average inflation…

A: The amount A that $P will purchase after n years if the inflation averages a rate of r over n years…

Q: Mr. Uy, an entrepreneur, invested ₱ 5, 000, 000.00 in a financial institution.How long will it take…

A: The principal amount invested is P= 5000000 The amount A= 10000000 Therefore the interest accrued is…

Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Q: What interest rate was applied for P16, 400 to earn interest of P3, 600 invested for 650 days using…

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Q: 3. Dave bought a car 8 years ago for $5400. To buy a similar car today would cost $12,500. Assuming…

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Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…

Q: A company first six month of a certain year made 30% profit, and last six months lost 30%. What…

A: *to find:- percentage of profit/loss.

Q: You want to be able to withdraw $25,000 from your account each year for 30 years after you retire.…

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Q: What is the percentage increase if the S&P 500 Index is currently trading at 1,100 and rises 55…

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Q: A machine costs $3100 when new, it wears out in 12 years, and its final scrap value is $100.  Under…

A: Please see the attachment

Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…

A:

Q: A factory equipment has an initial cost of P200,000.00. Its salvage value after ten years is…

A: Please check step 2 for the solution.

Q: dividend of ₱160.90 per share last year. If yesterday’s last price was ₱2700, what is the current…

A: Please check the answer in next step

Q: An investor doubled the money in his IRA during the time period 1990-1999. Assuming that he was…

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Q: Suppose that you have $13,000 in a rather risky investment recommended by your financial advisor.…

A: Topic:- algebra

Q: At the initial time of its purchase, an investment held by Dustin was worth $22,400, but starts to…

A: Given initial value=P0 = $22400 rate of depriciation, r=4%=0.04

Rate of Change

The relation between two quantities which displays how much greater one quantity is than another is called ratio.

Slope

The change in the vertical distances is known as the rise and the change in the horizontal distances is known as the run. So, the rise divided by run is nothing but a slope value. It is calculated with simple algebraic equations as: