4.56% represents an average increase in average price per year. a student incorrectly calculated this average using 25%/5years=5% per year. Show this answer is not correct by calculating 5 successive 5% increases. What is 5 the year percent change using the 5% per year?

Q: Sofia invests her money in an account paying 7% interest compounded semiannually. What is the…

A: Given that Sofia invests her money in an account paying 7% interest which is compounded semi…

Q: A car presently valued at $12,000 depreciates 22% each year. Determine the value of the car 2 years…

A: The depreciation value of any asset, having a present value of P,  at a rate of r % after n years…

Q: Suppose that the population of a small city grew from 15000 people to 17,589 people during a 2 year…

A: We have the given statement as Suppose that the population of a small city grew from 15000 people…

Q: 65,000; 30 years; 6 1/2% at 6.32a month

A: Principal (P) = Rs. 65,000 rate of interest (R) = 612% per annum=132% per annum=1324% per month…

Q: If IQR is 0.46, find Usual Min and Usual Max? Usual Min 0.83 1.5 IQR = %3. Usual Max 1.63 + 1.5 IQR…

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Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: how to change 2 1/2% into a decimal

A: To convert the percentage into decimal value, divide the given percentage by 100.

Q: 37500 dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: A loan of $1,070 was repaid at the end of 18 months with a check for $1,095 What annual rate of…

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Q: If pricrs increase at a month rate of 1.9% by what % do they inctease in a year

A: Let the cost of the item be 100. The increased price in a month is calculated as follows.…

Q: receive a raise in your hourly pay from $8.25 per hour to $8.75 per hour. What percent increase in…

A: Given query is to find the percentage increase in pay .

Q: If an asset declines in value from $5,000 to $2,600 over nine years, what is the mean annual growth…

A: Initial value = 5000 Final Value = 2600 Number of years = n = 9

Q: Show how 4.56% is in fact determined for a 22% increase over 5 years and then calculate the average…

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Q: A passbook savings account has a rate of 6% find the effective annual yield round to the nearest…

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Q: 6) Approximately how long will it take for $10000 to become $20000 at 4%. ||

A: The solution is given below

Q: The value of a parcel of land, now worth $90,000, is expected to increase at an annual rate of 7.75%…

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Q: calculate what $700 would grow to at 61/2% per compouned daily for 7 years

A: Given Principal amount=$700

Q: find the effective rate for a nominal rate of 6% compouded continouslt. write your answer as a…

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Q: In 1988 hospitals spent 3.9 billion on computer systems. In 2001 this amount increased to $14.0…

A: Value at start of period = 3.9 billion Value at end of period = 14 billion n = 2001-1988 =13

Q: on 5 Depreciation: A new laptop costs $1,600. It is estimated that the laptop's value will decrease…

A: