Questions from Financial Algebra


Q: What is the previous balance? /

What is the previous balance?

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Q: Examine this portion of Colleen’s budget chart for July, August,

Examine this portion of Colleen’s budget chart for July, August, and September: Let matrix C be a 6 ×3 matrix whose elements are the entries in the budget...

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Q: Pauline’s credit card was lost on a business trip. She immediately

Pauline’s credit card was lost on a business trip. She immediately reported it missing to her creditor. The person who found it hours later used it and charged w dollars’ worth of merchandise on the c...

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Q: Rollie has a credit card with a credit limit of $4

Rollie has a credit card with a credit limit of $4,000. He made the following purchases: $425.36, $358.33, $377.11, and $90.20. What is Rollie’s available credit?

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Q: Rebecca has a credit limit of $6,500 on her

Rebecca has a credit limit of $6,500 on her credit card. She had a previous balance of $398.54 and made a $250 payment. The total of her purchases is $1,257.89. What is Rebecca’s available credit?

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Q: How might the quote apply to what you have learned?

How might the quote apply to what you have learned?

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Q: The historical values of a car are recorded for 17 years as

The historical values of a car are recorded for 17 years as shown. a. Construct a scatter plot for the data. b. Determine the exponential depreciation formula that models this data. Round to the ne...

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Q: Raphael purchased a 3-year-old car for $16

Raphael purchased a 3-year-old car for $16,000. He was told that this make and model depreciates exponentially at a rate of 5.45% per year. What was the original price value of the car when it was new...

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Q: The car that Diana bought is 8 years old. She paid

The car that Diana bought is 8 years old. She paid $6,700. This make and model depreciates exponentially at a rate of 14.15% per year. What was the original price of the car when it was new?

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Q: Chaz bought a 2-year-old car. He paid

Chaz bought a 2-year-old car. He paid D dollars. This make and model depreciates at a rate of E percent per year. Write an expression for the original selling price of the car when it was new.

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