anonymous
  • anonymous
MEDAL AND FAN!!!! A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
Answer choices 0.797% 0.00797% 0.833% 0.00833%
itsmichelle29
  • itsmichelle29
D!!!
itsmichelle29
  • itsmichelle29
LOL its the right answer trust me

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More answers

itsmichelle29
  • itsmichelle29
you take 0.10 and divide by 12 to get you answer D.
anonymous
  • anonymous
thanks
anonymous
  • anonymous
Solve 5^(2x) = 7^(x−1)
itsmichelle29
  • itsmichelle29
x=−1.528643
anonymous
  • anonymous
@fugazi go to ur question
anonymous
  • anonymous
that is wrong
itsmichelle29
  • itsmichelle29
HOw
anonymous
  • anonymous
i got it wrong
anonymous
  • anonymous
try C.
anonymous
  • anonymous
that is wrong too
anonymous
  • anonymous
i think it is B
anonymous
  • anonymous
yeah b my bad
anonymous
  • anonymous
the correct answer is B
anonymous
  • anonymous
You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds
anonymous
  • anonymous
is there any answer choices?
anonymous
  • anonymous
answer choices 170.202 14.3129 171.755 168.354
anonymous
  • anonymous
i know c and b is wrong i think it is d
anonymous
  • anonymous
well to check yourself you can use the formula FV = PV*(1+r/n)^(n*t) the variables are FV = future value PV = present value r = interest rate n = compounding frequency t = time in years You will plug in the following FV = 3000 is the amount you want PV = 100 is the amount you have r = 0.02 n = 12 t = unknown. You are solving for this
anonymous
  • anonymous
72000
anonymous
  • anonymous
just plug in the choices for x in 100(1.02)^x
anonymous
  • anonymous
till u get 3000
anonymous
  • anonymous
i think its c
anonymous
  • anonymous
me too
anonymous
  • anonymous
A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below.
anonymous
  • anonymous
i got -0.005% is that an answer choice?
anonymous
  • anonymous
yes
anonymous
  • anonymous
c was wrong a couple of comments ago
anonymous
  • anonymous
then try that :)
anonymous
  • anonymous
ur smart

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