A certain currency devaluates by 3 percent per year. If the initial amount is 100 units, then what will be the value after 5 years?

Q: Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of…

A: Today, a typical family of four spends $897.20/month on food. If inflation occurs at the rate of…

Q: How much would a consumer pay for a T-shirt with a list price of $17 if the purchase was made in a…

A: For the calculation of total amount,

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: $833.70…

A: in the given question we have to tell about the total intrest money given on$1588 at the simple…

Q: A loan of 16800 dollars is to be repaid in annual installments of 2000 dollars, the first due in one…

A: Given

Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: A major shippingcompany is planning to purchase new cargo ships. It wants to borrow $1100 million by…

A: Given that, A major shipping company is planning to purchase new cargo ships. It wants to borrow…

Q: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: An insurance company sells a policy that pays $50,000.00 in case of accidental death. According to…

A: Here we want to find premium value.

Q: If the inflation rate averages 3%, how much will $1000 purchase in 2 years?

A:

Q: If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the…

A: Given: Present value = $ 3000 Interest rate = 9% Number of periods n = 6 years

Q: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

A:

Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to…

A:

Q: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given Airline wants to borrow $800 million by issuing bonds. The bonds are for a 10-years period…

Q: How many years if the computed total conversion periods is 51 when compounded quarterly?

A:

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: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: (a) How much will be in your account after 5 years? (b) How much interest will be earned after 5…

A: Principle, P = $2000 Interest rate, r = 3% = 0.03 Use the continuous compound interest formula,…

Q: An insurance company pays claims for bills from a physical therapist as follows: They take the…

A: Given  Actual bill is reduced by 10% Percentage paid of the remaining amount =35%

Q: 20 years as two decades.  Explain why the inflation rate from 1990 to 2010 is not just the sum of…

A: Inflation Rate: The inflation rate is the rate at which the value of the currency falls and the…

Q: What lump sum do parents need to deposit in the account earning 7%, compunded monthly, so that it…

A:

Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

A:

Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

Q: If there is 54% increase on a $54 item, then how much is the new cost for next year? Round to the…

A: Solution is given below:

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: An annuity will make a payment every two months, starting two months from now. If the yield rate is…

A: To find the price of annuity when given that the payment is made every two months, interest rate is,…

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: At age 19, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of…

A:

Q: If an object lose 45% of its value over 5 years, what percent of it's value does it lose over one…

A: Let it loosed x of its value over one year So, after 5 years it will be (1-x)5 of the initial value.…

Q: If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will it be in 5…

A:

Q: month

A:

Q: Sierra plans to retire at age 63, and estimates that $69,600 a year in retirement for 22 years will…

A:

Q: If an account earns an effective rate of 4%, what will the real rate of interest be if: a.…

A: Here, nominal rate is 4% or 0.04.

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How many years will it…

A: Formula: Simple interest                    SI=PTR100            Where SI- Simple interest…

Q: if $120 double in approximately 11 years, what is the interest rate

A:

Q: If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

A:

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…

Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

A:

Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal…

Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

A: Given that  Inflation has been running per year=4.07% Cost of a new car=$23700 To find  The cost of…

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

A:

Q: An account starts with $1,000, and pays 100 percent interest per year. If the interest is credited…

A: If the interest is computed and credited more frequently during the year, the value of the account…

Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

A:

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

A:

Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

Q: If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at…

A: Let the price at the end of the year is x then by the formula of inflation x-2525×100=4% Because…

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

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

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.