Rounding + exponential function - math problems
Number of problems found: 6
- 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?
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.
- 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?
- 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?
- 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%?
- 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
Do you want to round the number? Rounding - math word problems. Exponential function - math word problems.