Exponential function - math word problems
- 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 repay this amount for 15 years at EUR 120 per month?
- A loan
A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?
- Reducing balance method
A company buys an item having a useful life of 10 years for 1,000,000. If the company depreciates the item by the reducing balance method, a. Determine the depreciation for the first year. b. Estimate the depreciation for the second and third years. c.
- Compound interest 3
After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019)
- Car down
Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
- Drilling machine
A manufacturing firm purchased a heavy duty drilling machine. They were given two payment options: Option 1: Make a payment of $46,000 immediately to settle the invoice for the machine. Option 2: Make a payment of $21,500 immediately and the balance of
- Investment 2
Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi
- Profit growth
The profit of a company increased by 25% during the year 1992, increased by 40% during the year 1993, decreased by 20% in the year 1994 and increased by 10% during the year 1995. Find the average growth in the profit level over the four years periods?
- Annual pension
Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
- Precious metals
In 2006-2009, the value of precious metals changed rapidly. The data in the following table represent the total rate of return (in percentage) for platinum, gold, an silver from 2006 through 2009: Year Platinum Gold Silver 2009 62.7 25.0 56.8 2008 -41.3
The first generation of micro-organisms has a population of 13500 members. Each next generation is 11/10 times the previous one. Find out how many generations will reach at least three times members of the first generation.
- The crime
The crime rate of a certain city is increasing by exactly 7% each year. If there were 600 crimes in the year 1990 and the crime rate remains constant each year, determine the approximate number of crimes in the year 2025.
- Loan 4
Mr santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term?
Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
- 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?
- Population growth
How many people will be on Earth from two people for 5,000 years, if every couple has always 4 children, (2 boys and 2 girls) at the age of 25-35, and every man will live 75 years?
- Geometric progression
In geometric progression, a1 = 7, q = 5. Find the condition for n to sum first n members is: sn≤217.
- Exponential warm
Suppose that a body with temperature T1 is placed in surroundings with temperature T0 different from that of T1. The body will either cool or warm to temperature T(t) after time t, in minutes, where T(t)=T0 + (T1-T0)e^(-kt) . If jello salad with 30 degre
- Radioactive material
A radioactive material loses 10% of its mass each year. What proportion will be left there after n=6 years?
1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?