Percentages + exponential function - practice problems - page 2 of 5
Number of problems found: 81
- Withdrawals 62324
A person deposits 5,000 euros into a bank account at the beginning of each year for 10 years. He does not make any other deposits or withdrawals from the account. Determine the total amount saved at 8% compounded annually when interest is compounded annua - Edmond
Edmond Santos borrowed USD 20,000 for 18 months at 6 1/2 % per year. Find the APR (Annual Percentage Rate) if he repaid the loan monthly. The answer is: Note: APR is expressed as a percentage representing the actual yearly cost of funds over a loan term. - Five years
Nakato Nobuki, a Japanese artist, wants to have $24,000.00 in his savings account at the end of five years. Mr. Nobuki deposits $1,500.00 annually into savings and has a balance of $8,000.00 today. What must the interest rate on the savings account be for - Governments 41931
Father put €600 in a bank that pays government interest at a rate of 3%p. A. Grandfather put €610 in a bank that will make governments at a rate of 2%p. A. Which will have more money if they withdraw from the bank after one year? - The town
The town population is 56000. It is decreasing by 2% every year. What will be the population of the town after 13 years? - Saving for education
Suppose a couple invested Php 50 000 in an account when their child was born to prepare for a college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be doubled by the t - Annual interest
A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Depreciated 37521
The initial price of the machine is 12000 euros. 21% of its price is depreciated yearly due to wear and tear. What value will the machine have after five years? - Statistical 36383
On the pages of the Czech Statistical Office, we can learn that in 1869, Prague and its suburbs had a total of 10,947 houses; in 1900, there were 18,838 houses. What was the annual percentage "increase" of houses in Prague between 1869 and 1900, assuming - Decibel
What percentage of sound intensity increases if the sound intensity level increases by 1 dB? - Beginning 31671
At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to re - Obtained 31531
On 1 March, Mr. Závora obtained a loan from the bank for CZK 70,000 for four months. The interest rate is 9.5%. How much will he repay to the bank? - Exponential decay
A tank contains 55 liters of water. Water is flowing out at the rate of 7% per minute. How long does it take to drain the tank? - Calculate 30461
Mrs. Zdena took over the ordered goods worth 5000 €. She did not pay the invoice by the required date of 31.5.2019. Interest on arrears is 5.5% per annum. Calculate the payment as of 31.8.2019. - Probability 30271
The probability of an adverse drug reaction is 2.1%. How many people need to be prescribed for one patient to experience side effects with a chance of 90%? - Interest 29731
How much interest will the savings bank credit to the deposit of CZK 25,000 in 1 year at an annual interest rate of 2.5%? - Slow saving in banks
How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest? - Savings
The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - Mortage hypo loan
The Jonáš family decided to buy an older apartment, which cost EUR 30,000. They found EUR 17,000 and took the loan with the bank for the remaining amount. What interest did they receive if they repaid this amount for 15 years at EUR 120 per month? - Car down
Sarah buys a car costing $12,500. It depreciates value by 8% in the first year, 10% in the second year, and 5% in the third year. Calculate the value of a car after the third year.
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