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- In the situation of the example, how long could you keep the car if your expense account allowed 242?arrow_forwardElise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it take for her money to double?arrow_forwardFind (a) the amount of discount and (b) the sale price: Oscar bought a barbecue that was discounted 65% from an original price of $395.arrow_forward
- Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one could purchase all three cars for a total of $140,000. This year, due to inflation, the same cars would cost $151,830. The cost of the BMW increased by 8%, the Jeep by 5%, and the Toyota by 12%. If the price of last year's Jeep was $7,000 less than the price of last year's BMW, what was the price of each of the three cars last year?arrow_forwardYou inherit one million dollars. You invest it all in three accounts for one year. The first account pays 3% compounded annually, the second account pays 4% compounded annually, and the third account pays 2% compounded annually. After one year, you earn $34,000 in interest. If you invest four times the money into the account that pays 3% compared to 2%, how much did you invest in each account?arrow_forwardKaj invests money in an account paying a simple interest of 1.2% per year. If she invests $90 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?arrow_forward
- Ethan has $60,000 to invest. He puts part of the money in a CDthat earns 3% simple interest per year and the rest in a mutualfund that earns 8% simple interest per year. How much did heinvest in each if his earned interest the first year was $3700?arrow_forwardHarvey invested $6000 for 2 years in a savings account paying simple interest with a yearly interest rate of 5.5%. How much simple interest did he earn? $66 $660 $330 $33arrow_forward
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal LittellIntermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
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