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3 years ago

10

Suppose that when your friend was born, your friend's parents deposited $7000 in an account paying 6.3% interest compounded quar

terly. What will the account
balance be after 15 years?

1 answer:

NNADVOKAT [17]3 years ago

7 0

Step-by-step explanation:

okay I think you can solve this question now ☺️

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A car valued at $32,000, depreciates at 9% per year. What is the value of the car after two years?

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Answer: $26,240

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3 years ago

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Onya selected a pair of shoes for the regular price of $80. How much money will she save by using the 20% off coupon? Justify yo

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Answer:

a. $Savings = \$16$

b. $Price = \$96$

Step-by-step explanation:

Solving (a):

$Price = \$80$

$Coupon = 20\%$

Required

Determine her savings.

$Savings = Coupon * Price$

$Savings = 20\% * \$80$

$Savings = \$16$

Solving (a):

$Price = \$120$

$Coupon = 20\%$

Required

Determine the price before tax

First, we need to determine her savings

$Savings = Coupon * Price$

$Savings = 20\% * \$120$

$Savings = \$24$

The price before tax is calculated as follows:

$Price = \$120 - \$24$

$Price = \$96$

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