Time + exponentiation - practice problems - page 2 of 3
Number of problems found: 58
- Dream home
You finally found your dream home. It sells for $120,000 and can be purchased by paying 10% down and financing the balance at an annual rate of 9.6% compounded monthly. a) How much are your payments if you pay monthly for 30 years? b) Determine how much w - Retirement saving
Deryl wishes to save money to provide for his retirement. Beginning one year from now, he will begin depositing the same fixed amount each year for the next 30 years into a retirement savings account. Starting one year after making his last deposit, he wi - Salary increase 2
Each year, Francesca earns a salary 2 percent higher than her previous year's salary. In her first five years at this job, she earned a total of $187,345. What was Francesca's salary in her 1st year at this job? - Monthly payments 2
Suppose you have selected a new car to purchase for $19,500. If we can finance the car over four years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be?
- Future value investment
Poseidon deposited 2,747 golden drachmas in a Mount Olympus college savings account to ensure Percy could attend 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 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 can purchase furniture with a three-year simple interest loan at 8% interest per year. What is the maturity value of a 3500 loan? - Two years
Roy deposited 50,000.00 into his account, paying 4% annual interest compounded semi-annually. How much is the interest after two years? - Annual increase
The number of cars produced increased from 45,000 to 47,000 in 3 years. Calculate the average annual increase in cars in%.
- Statistical 36383
On the pages of the Czech Statistical Office, we can learn that in 1869, Prague and its suburbs had a total of 10,947 houses; in 1900, there were 18,838 houses. What was the annual percentage "increase" of houses in Prague between 1869 and 1900, assuming - Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound? - Percentage increase
What is the annual percentage increase in the city when the population has tripled in 20 years? - The half life
The half-life of a radioactive isotope is the time it takes for a quantity of the isotope to be reduced to half its initial mass. Starting with 145 grams of a radioactive isotope, how much will be left after three half-lives? - Entrepreneur 22941
Entrepreneur Zahourek deposited 450,000 into the bank's account with 4.5% annual interest. Calculate what the amount will be on the deposit account after three years.
- Savings
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 - Volume of wood
Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p? - 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? - 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) - Six speeds
A drilling machine is to have six speeds ranging from 50 to 750 revolutions per minute. If the speed forms a geometric progression, determine their values.
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