Exponential function - practice problems - page 5 of 9
Number of problems found: 166
- Compound interest 4
3600 dollars Peter placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent? - 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? - A loan
A loan 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. find the depreciation for the first year. b. Estimate the depreciation for the second and third years. c. What is
- Compound interest 3
After eight years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now a dream - in the year 2019) - 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. - Interest 9791
From € 800 for six months at an interest rate of 7.5% per annum; and - simple interest b - compound interest - 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: Pay $21,500 immediately and the balance of $23,550 in 3 mon - Investment 2
Jack invested $5000 in a 5-month term deposit at 4.7% pa. At the end of the five months, Jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% pa. What is the maturity value at the end of the second term deposit?
- Profit growth
A company's profit increased by 25% during 1992, increased by 40% during 1993, decreased by 20% in 1994, and increased by 10% during 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, which shall be inserted into the bank to account with an annual interest rate of 2% - Precious metals
From 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, and silver from 2006 through 2009: Year Platinum Gold Silver 2009 62.7 25.0 56.8 2008 -41. - Microorganisms
The first generation of microorganisms has a population of 13500 members. Each subsequent 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 1990 and the crime rate remains constant each year, determine the approximate number of crimes in 2025.
- Shuyen
Shuyen wanted to save some money. She deposited Php.300 in a bank that 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? - 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? - Account operations
My savings of PHP 90,000 in a bank earns 6% interest in a year. If I deposit an 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 always has four children (2 boys and two girls) at the age of 25-35, and every man will live 75 years? - Depreciate 6413
The company bought a new machine for CZK 350,000. Due to wear and tear, its price will decrease by 10% annually. The machine can be written off if its price drops below 30% due to wear and tear. Determine how many years the company can depreciate the mach
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