Exponential function - math word problems
Number of problems found: 79
- 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?
- 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?
- Present value
A bank loans a family $90,000 at 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over a 15 year period. How much should the monthly payment be in order to pay off the debt in 15 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.
- Retirement annuity
How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th
- 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 accumul
- To the cinema
Jane at 8 am got message that all 1093 school pupils will go to the cinema. Within 20 min she said it to the three friends. Each of them again for 20 minutes said to the other three. In this way the message spread further. At what time all the children in
- 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.
Suppose on your 21st birthday you begin making monthly payments of $500 into an account that pays 8% compounded monthly. If you continue the payments untill your 51st birthday (30 years), How much money will be in your account? How much of it is interest?
- 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?
- 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
- Computer revolution
When we started playing with computers, the first processor, which I remember was the Intel 8080 from 1974, with the performance of 0.5 MIPS. Calculate how much percent a year rose CPU performance when Intel 486DX from 1992 has 54 MIPS. What wou
- 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?
- The city 2
Today lives 298000 citizens in the city. How many citizens can we expect in 8 years if their annual increase is 2.4%?
- BTC bubble
One of the world's experts in bubbles -- Prof. Robert Shiller, a Yale economist -- said Bitcoin "was an amazing example of a bubble" back in 2014. If you exchange fiat US dollar $100 to BTC in 2010, now in 2017 have value of 72.9 millions dollars. Find an
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
- Repay, interest, loan
Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
- 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 $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 4