You buy a car for R90 000. The car loses its value by 10% a year and you want to know how much the car will be worth in 3 years’ time.

Q: Rodney invested some money in a certificate of deposit (CD) that paid interest at a rate of 9% per…

A:

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

A:

Q: tractor cost 9950 and depreciates in  value by 14 % per year how much will the tractor be worth…

A: Given query is to find the value of tractor after 112 years.

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

Q: A senior in high school will get $5000 in graduation money one year from today when finishes his…

A: A senior in high school will get $5000 in graduation money one year from today when finishes his…

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: 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: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

Q: stacy has 100$ in a savings accont that earns 5% annually. the interset is not compounded. how much…

A: We have the simple interest formula as     A = P*(1 + r*t )  where A = final amount…

Q: Henry wants to save for a vacation. He invests $2500 for 3 years at 5.7% interest per year, simple…

A: Given:  Hanry wants to save for a vacation. He invests $2500 for 3 years at 5.7% interest per year,…

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: 2500. It has decreased in value 12% each year since it was purchased if he brought it four years…

A: Present value of the motorcycle, P.V = 2500 time since he purchased the motorcycle, t = 4 years rate…

Q: Over Reeds for 450 minutes this month. His goal is to read for 10% more minutes next month. If…

A: Given that Over Reeds for 450 minutes this month. His goal is to read for 10% more minutes next…

Q: The value of a new sports car (Lamborghini) appreciates at a rate of 3% per year. If the vehicle was…

A: Given that, The value of a new sports car appreciates at a rate of 3% per year. ⇒If the vehicle was…

Q: The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of…

A: To solve this problem, first we have to determine an equation that connects the actual value of the…