Topic
Q:
Jim places \( \$ 10,000 \) in a bank account that pays \( 5.8 \% \) compounded continuously. After 2 years, will he have enough money to buy a car that costs \( \$ 11,243 \) ? If another
bank will pay Jim \( 6 \% \) compounded semiannually, is this a better deal?
After 2 years, Jim will have \( \$ \square \).
(Round to the nearest cent as needed.)
Jim will
After 2 years, the other bank will yield \( \$ \square \).
(Round to the nearest cent as needed.)
Is the other bank's offer a better deal?
No. Jim's bank ( \( 5.8 \% \) compounded continuously) is better.
Yes. The other bank ( \( 6 \% \) compounded semiannually) is better.
Q:
Question 12.
The Liang family wants to buy a family car at a
cost of \( \$ 22700 \). They pay a deposit of \( \$ 4500 \)
and borrow the balance at an interest rate of
\( 11.5 \% \) p.a. The loan will be paid off with 48
equal monthly payments.
b. What will be the total cost of the car,
including the interest paid?
Q:
Today only, a table is being sold for \( \$ 714 \). This is \( 85 \% \) of its regular price. What was the price yesterday?
Q:
Question 12.
The Liang family wants to buy a family car at a
cost of \( \$ 22700 \). They pay a deposit of \( \$ 4500 \)
and borrow the balance at an interest rate of
\( 11.5 \% \) p.a. The loan will be paid off with 48
equal monthly payments.
a. How much interest do they pay?
Q:
Retta put \( \$ 100.00 \) in a bank account that gains \( 20 \% \)
interest annually. How much interest will be
accumulated in 1 year? And if she makes no
withdrawals, how much money will be in the account
after 1 year?
Q:
Question 11.
If an investment of \( \$ 40000 \) pays \( 8 \% \) simple
interest per year, then the value of the
investment at the end of 3 years is:
Q:
An Item is regularly priced at \( \$ 85 \). It is now priced at a discount of \( 15 \% \) off the regular price.
Use the ALEKS calculator to find the price now.
Q:
A bank has a special offer on a savings account of
\( 3 \% \) p.a simple interest. Petar opens an account
with \( \$ 800 \) and leaves his money there for 5
months,
(a) Calculate how much interest he earnt over
the 5 months.
(b) Calculate the balance of Petar's account
after 5 months.
Q:
A bank has a special offer on a savings account of
\( 3 \% \) p.a simple interest. Petar opens an account
with \( \$ 800 \) and leaves his money there for 5
months,
(a) Calculate how much interest he earnt over
the 5 months.
Q:
Question 9,
ints: \( \quad \begin{array}{l}\text { Jess deposited } \$ 2500 \text { in an account caming } 6.5 \% \\ \text { p.a compounding annually for } 6 \text { years. How much } \\ \text { was in the account after } 6 \text { years and how much } \\ \text { interest did Jess carn? }\end{array} \)
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