You invest $1200 in a savings account with 1.3% interest compounded monthly. Write an equation to represent the value of the account after t years.

Q: a baseball card is purchased for $50. a year later it's value increased to $51.50. what is the…

A: Use formula of growth rate

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: On his twelveth birthday, a boy inherits $12,000 which is to be used for his college education. The…

A: amount return A on investing P amount on R% compounded annually for t years is given by A=P(1+R100)t…

Q: A detached home has avalue of $800 000 in 2016. It appreciates in value at 4% compounded annually.…

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Q: An investment of $75,000 increases at a rate of 12.5% per year. Find e value of the investment after…

A: An investment of 75,000 increases at a rate 12.5% per year. Find the value of the investment after…

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: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Ananta deposited Rp10,000,000.00 with compound interest at x% per 6 months. Meanwhile, Asnawi…

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Q: A laptop computer is purchased for $2100. After each year, the resale value decreases by 30%. What…

A: The formula for exponential decay is , where y is final amount,a is original amount b is decay…

Q: You make an investment of ​$1400. Find a formula for the amount of money​ (A) in the investment…

A: Given that investment is $1400 and the investment loses $43 every year. Let t denote the years.

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

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Q: Kyle has a $15,000 in college debt when he graduates. He will pay it back with regular monthlly…

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Q: $2000 is invested for 5 years with an APR of 3% and daily compounding.

A: We have to apply the compound interest formula to solve the given problem.

Q: You save 500 each month by depositing into an account earning 7% monthly. After 15 years you stop…

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Q: Which expression shows the value of a $ 2500 investment after it has grown by 4.5% per year for 12…

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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: The value of a car decreases by 25% each year. The price of a new car is N$40 000. What is its value…

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Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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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: Fatima bought a collector's basketball card in 1990 for $35. The value increases by x % every year.…

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Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: 24. A student wishes to save money for a rainy day. She invests $5000 into an investment fund that…

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Q: You borrow $10,000 into an account that earns 4.5% interest each year. Give the equation of the line…

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Q: Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously,…

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Q: To attend school, Arianna deposits $190 at the end of every month for two and one-half years. What…

A: Convert the interest rate: . The annual interest rate is 4%, so the semi-annual interest rate is…