Suppose that an employee earns $36000 in the first year on the job. Each year the employee receives a raise of $1,200. What would the employee's salary be at the start of their 16th year on the job?

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: how long does it take an account containing $8000 to be worth $15000 if the money is invested at 9%…

A:

Q: Daiva invested $400$400 per year in an annuity that paid 6%6% annual interest. At the end of 88…

A: To write $400 refers to what?

Q: Rajeev has $175 that he earned from his summer job. He puts the money in an account that yields 4%…

A:

Q: Quincy deposited $10 in a saving account earning 10% interest compounded annually to the nearest how…

A: Solution

Q: If the price of gasoline increased by 20% one week and then again by 10% the following week by what…

A: Higher gasoline prices(P) raise transportation costs(C) for businesses. Due to increased price(P),…

Q: Find the final amount of money in an account if $9,500 is deposited at 6% interest compounded weekly…

A:

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

Q: For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly…

A:

Q: Gary is getting a Wi-Fi hotspot that costs $35 and has a monthly data plan of $20/month. How much…

A: Given query is to find the the total cost of wifi over 2 years .

Q: Donald owes the bank $9450. To repay his debt, he paid a fixed amount back to the bank each month.…

A:

Q: A machine costs 150,000 and will have a scrap value of 10,000 when retired at the end of 15 years.…

A: Solution

Q: In 1 year, you will be paid $1.Will the PV increase or decrease if the interest rate goes up?

A:

Q: you can buy a car for $25200 or lease the same car for 3 years for a down payment of $1500 and…

A: Consider the given information.  The basic price of the car is $25200.    If you are taking a car on…

Q: what is the daily % increase to go from 100 to 100,000 in a 100 days

A: It goes 100 to 100000 in just 100 days So per day increment= 100000/100 = 1000

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: if I invest 1000 at 2% interest how long will it take to double my money

A:

Q: 5000

A:

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

A:

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…

Polynomials

Try substituting 1. You will get 6 and not 0. Try other real values also. What About -2? Let us check.