Money + geometric progression - examples
Money or finance are an essential medium of exchange, a unit of account and store of value in modern society. Mathematical examples helps to get basic financial literacy.
- Profitable bank deposit 2012
Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration are interest 2.6% p.a. and tax on interest is 19% and annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative
- Compound interest
Calculate time when deposit in the bank with interest 2.5% p.a. doubles.
If the product twice price cut by 25%, what percentage was price cut in total?
Price of the new machine is € 62000. Every year is depreciated 15% of residual value. What will be the value of the machine after 3 years?
If you deposit 959 euros the beginning of each year, how much money we have at 2.1% (compound) interest after 19 years?
Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
- JUDr. Usury
Judge JUDr. Usury approved the agreement on guilt and punishment where confessed to pay daily interest 0.18%. How big is a yearly interest? Year has 360 days.
Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
- Loans, loan ...
In Slovakia, launched a short-term non-bank loans, of which few people have their "take" are considered unfavorable. Often, the borrower ends up in a spiral of debt, which takes more and more onerous loan used to repay earlier loans. Calculate how many 9-
The computer was purchased 10000,-. Each year, the price of a computer depreciates always the same percentage of the previous year. After four years, the value of the computer is reduced to 1300,- How many percent was depreciated price of the computer each
- Compound interest
Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
- Sum of money
On a certain sum of money, invested at the rate of 10% compounded annually, the difference between the interests of the first year and the third year is 315 . Find the sum.
- Saving 9
An amount if $ 2000 is invested at an interest of 5% per month. if $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumula
- Rate or interest
At what rate percent will Rs.2000 amount to Rs.2315.25 in 3 years at compound interest?
- Account operations
My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
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