Question

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.

Answer 1

Answer choices
0.797%
0.00797%
0.833%
0.00833%

Answer 2

D!!!

Answer 3

LOL its the right answer trust me

Answer 4

you take
0.10 and divide by 12
to get you answer D.

Answer 5

thanks

Answer 6

Solve 5^(2x) = 7^(x−1)

Answer 7

x=−1.528643

Answer 8

@fugazi go to ur question

Answer 9

that is wrong

Answer 10

HOw

Answer 11

i got it wrong

Answer 12

try C.

Answer 13

that is wrong too

Answer 14

i think it is B

Answer 15

yeah b my bad

Answer 16

the correct answer is B

Answer 17

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

Answer 18

is there any answer choices?

Answer 19

answer choices
170.202
14.3129
171.755
168.354

Answer 20

i know c and b is wrong
i think it is d

Answer 21

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

Answer 22

72000

Answer 23

just plug in the choices for x in 100(1.02)^x

Answer 24

till u get 3000

Answer 25

i think its c

Answer 26

me too

Answer 27

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.

Answer 28

i got -0.005% is that an answer choice?

Answer 29

yes

Answer 30

c was wrong a couple of comments ago

Answer 31

then try that :)

Answer 32

ur smart