Questions from Financial Algebra


Q: Samantha purchased a used car for $4,200. Her

Samantha purchased a used car for $4,200. Her state charges 4% tax for the car, $47 for registration, $50 for a new title certificate, and $35 for a state safety and emissions inspection. How much doe...

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Q: Fierro Brothers, a discount broker, charges their customers a $

Fierro Brothers, a discount broker, charges their customers a $19 flat fee per trade. The Sondo Investment House charges a 2% commission. For what amount of stock would both brokers charge the same co...

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Q: Bob wants $50,000 at the end of 7 years

Bob wants $50,000 at the end of 7 years in order to buy a car. If his bank pays 1.2% interest, compounded annually, how much must he deposit each year in order to reach his goal?

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Q: Ralph placed a classified ad to sell his used SUV for $

Ralph placed a classified ad to sell his used SUV for $18,500. After 2 weeks, he didn’t sell the SUV, and the newspaper suggested lowering the price 5%. What would the new price be if Ralph reduced it...

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Q: The Bayside Bugle charges by the word to run automotive ads.

The Bayside Bugle charges by the word to run automotive ads. The newspaper charges $18 for the first 20 words and $0.35 for each additional word. How much would a 27-word ad cost?

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Q: Ari purchased a microwave oven on an installment plan for m dollars

Ari purchased a microwave oven on an installment plan for m dollars. He made a 20% down payment and agreed to pay x dollars per month for two years. Express the finance charge (interest) algebraically...

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Q: The Kings Park Register gives senior citizens a 10% discount on

The Kings Park Register gives senior citizens a 10% discount on automotive ads. Mr. Quadrino, a senior citizen, is selling his car and wants to take out a four-line ad. The paper charges $6.50 per lin...

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Q: The Good Ole Times magazine charges for ads by the “column

The Good Ole Times magazine charges for ads by the “column inch.” A column inch is as wide as one column, and it is 1 inch high. The cost is $67 per column inch. How much would the magazine charge to...

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Q: Leslie placed this ad in Collector Car Monthly. /

Leslie placed this ad in Collector Car Monthly. a. If the publication charges $48 for the first three lines and $5 for each extra line, how much will this ad cost Leslie? b. Ruth buys the car for 8...

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Q: Online Car Auctioneer charges a commission for classified ads. If the

Online Car Auctioneer charges a commission for classified ads. If the car sells, the seller is charged 4% of the advertised price, not of the price for which the car actually sells. If the car doesn’t...

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