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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.
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0.10 and divide by 12
to get you answer D.
Solve 5^(2x) = 7^(x−1)
@fugazi go to ur question
that is wrong
i got it wrong
that is wrong too
i think it is B
yeah b my bad
the correct answer is B
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
is there any answer choices?
i know c and b is wrong
i think it is d
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
just plug in the choices for x in 100(1.02)^x
till u get 3000
i think its c
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.