The car would be worth $16,000 after 5 years.
Answer:
The youngest child will receive $2000
Step-by-step explanation:
A father decided to give 25% of his monthly income to his three children as their monthly allowance.
The eldest child got 45% of the allowance and the youngest got 20%. This means that the second child got:
100 - (45 + 20) = 100 - 65 = 35%
The second child received $3500.
Let the 25% of his monthly income be x.
Hence:
35% of x = 3500
=>
x = $10000
The amount the man shared among his children is $10000.
Hence, the youngest child (20%) will receive:
20% of $10000
= $2000
The youngest child will receive $2000.
Answer:
B
Step-by-step explanation:
Answer:
The simple interest that said investment yielded was 3.75% per year.
Step-by-step explanation:
Given that Sarah's current account balance is $ 2,600, and she made a single lump sum amount of $ 2,000 eight years ago into the account, to calculate the equivalent simple interest rate (quoted annually) that she earned the following calculation must be performed:
(2,600 - 2,000) / 8 = X
600/8 = X
75 = X
2,000 = 100
75 = X
75 x 100 / 2,000 = X
7,500 / 2,000 = X
3.75 = X
Thus, the simple interest that said investment yielded was 3.75% per year.