Exponential function + time - practice problems
Number of problems found: 55
- Double of principal
How long will it take for the principal to double at 12.25% annual interest? - Future value investment
Poseidon deposited 2,747 golden drachmas in a Mount Olympus college savings account to ensure Percy can go to college. It pays 0.04 (percent in decimal form) annual interest. After 11 years, he withdraws the money. How much more money would he have if the - 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? - Maturity value IKEA Furniture’s can purchase furniture with 3 year simple interest loan at 8% interest per year. What is the maturity value of 3500 loan?
- Saving for education
Suppose that a couple invested Php 50 000 in an account when their child was born, to prepare for the child's 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 - Suppose 2
Suppose that the half-life of a substance is 250 years. If there were initially 100 g of the substance, a. Give an exponential model for the situation b. How much will remain after 500 years? - Two years
Roy deposited 50,000.00 into his account paying 4% annual interest compounded semi annually. How much is the interest after 2 years? - Annual interest
A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Annual growth
The population has grown from 25,000 to 33,600 in 10 years. Calculate what was the average annual population growth in%? - How much 2
How much money would you need to deposit today at 5% annual interest compounded monthly to have $2000 in the account after 9 years? - If you 4 If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account?
- If you 3 If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years?
- If you 2 If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account?
- 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? - Savings
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 until your 51st birthday (30 years), How much money is in your account? How much of it is interesting? Sh - Future value Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn?
- RC time constant
You introduced 1 Coulomb worth of electrons into the inner volume of a dielectric material with ϵr=6. Thirty minutes later, you found that only 36.79% of the electrons were in the internal volume. Determine the conductivity σ of the dielectric material. - 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 - Common ratio
If 200 units of a commodity are consumed in a first year, and if the annual rate of increase in consumption is 5% (a) what amount is consumed in the 8th year; (b) in the first 15 years? - 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?
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Do you want to convert time units like minutes to seconds? Exponential function - practice problems. Time - practice problems.
