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15 questions
The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?
$12,800.00
$13,629.44
$17,600.00
$28,098.56
Ash has $8,000 in a savings account. The interest rate is 3% compounded once a year.
To the nearest cent, how much will he have in his account in 4 years?
$9,004.07
$2,2848.80
$9,011.94
$8,242.71
A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?
$5,884.00
$5,178.97
$2,992.96
$2,957.04
The population of Pallet Town increases by 15% every year. If there are currently 190,000 people living there, what will be the population in 13 years?
If necessary, round your answer to the nearest whole number.
4 people.
22,972 people.
1,169,030 people.
1,188,311 people.
Find the balance in an account that has $300 invested at 6.5% for 4 years compounded semi-annually.
$387.47
$496.50
$7,800.00
$385.94
Katy deposited $90 in a savings account earning 5% interest, compounded quarterly. Which of the following equations could represent the amount of money in her account yearly?
Derrick has $1,000 in a savings account that ears 15% interest, compounded monthly. To the nearest cent, how much will he have in 2 years?
$5,350.25
$1,322.50
$1,025.16
$1,347.35
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