You bought a house for $75,000. You were told that it will increase in value by 2% a year. How much will it be worth after 12 years?

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

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Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take…

A: given P=25700r=-3%=-3100=-0.03 (-ve sign because of depreciates)A=P(1+r)t A=25700(1-0.03)t…

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on…

A: Solution

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: Homer invested ₱7000. How long will it take for his investment to double at the rate of 8%? 15 years…

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Q: How long will it take to pay off a student loan of $20,000 if the interest paid on the principal is…

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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: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

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Q: A man owns stock valued at $2100. One day the stock drops by 7%, and then gains the same percentage…

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Q: A car cost $17,000. The car's depreciates at a rate of 2.5%. How much is the car worth after 3…

A: NOTE: Refresh your page if you can't see any equations. . the initial value of the car is a=17000…

Q: a person earned $20.16 interst during the year, at 3% interest how much money did this person have…

A: The objective of this question is to find out the initial amount of money the person had at the…

Q: After receiving a 10 % raise, you now make $10.00 more per day than you did before the raise. What…

A: After receiving a 10 % raise,  you now make $10.00 more per day than you did before the raise

Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

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Q: We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Let, P = initial  amount r = annual  interest  rate t = time ,then the simple  interest  formula…

Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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Q: You put $500 in the bank, where it earns 1.5% simple interest each year. How long until your money…

A: We will solve the following

Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

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Q: ou deposit $5000 into an account that earns 4.5% per year simple interest. How many years will it…

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Q: Mateo loves lattes and buys one almost every day. This amounts to about $121 per month. If Mateo…

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Q: Platinum  is valued at $1500 per ounce.  If its value goes up 10% per year for the next 2 years,…

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Q: How much money is in an account where $80 was invested at an interest rate of 6% simple interest for…

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Q: A car is purchased for $25 000. It depreciates in value 8% per year. How long does it take for the…

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