18. Hoyt Axton earned $244.80 interest in 9 months in a short term savings account that paid 3.2% per year. Use the  formula P=12×I÷(R×T)P=12×I÷(R×T) to estimate the amount initially invested.  15.Charles Jones borrowed $10,000 to buy a new Toyota automobile. Citibank charged him 15% compounded yearly for 5 years. How much is the total cost of Charles' car and how much is the interest paid on this loan?  17.Bookstore sales rose 13.7% this year. If sales this year were 111,150 copies, find last year’s sales. Round to the nearest whole number.  25.

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: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

A: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

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

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

Q: what number represents an amount being compounded annually?

A:

Q: Tim is saving to buy a $20 000 car in 3 years. He deposits $550 every month into an account earning…

A: We have 3 years to buy a car.

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Brendan needs $12 000 in 3 years for college. How much must he invest today at 8.9%, compounded

A:

Q: 17 Theo invested $3000 at 8% p.a. compound interest for 2 years. Calqulatę the interest earned. C409…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

A:

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

A: Recall the following fact.

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

A:

Q: Joe invests $3600 in an account earning 7.57% interest, compounded daily. How long will it take for…

A:

Q: When Grayson was 20 years old, he opened an individual retirement account by investing $2,000 at 11%…

A: To find out the amount when the person becomes 65 years old.

Q: Josephine plans to invest $200 at the end of each month into an RRSP for the next 10 years. If she…

A:

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: A new laptop computer costs $15pp. The value of the computer decreases bye 22%each year. How much is…

A: P(t)=P0(1-r)t P0=Initial pricer=rate of decreaset=time

Q: You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is…

A:

Q: Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

A:

Q: Steven is 42 inches tall. On average he grows at a rate of 5.5% each year. How tall will Steven be…

A: We have to find Steven's height after 3 year.

Q: A man wants to buy a $33,000 car. He will put 20 % down and finance the rest over 4 years. How much…

A: Cost of car = 33,000 Down payment = 6,600 Loan amount = 26,400 Here P (principal amount)=26,400 R=…