Exponential function - practice problems - page 4 of 9
Direction: Solve each problem carefully and show your solution in each item.Number of problems found: 179
- You take
You take out a Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years?
- Two years
Roy deposited 50,000.00 into his account, which pays 4% annual interest compounded semi-annually. How much interest is there after two years?
- Annual interest
A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid.
- Interest rate
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship).
- Population 37561
The population increased from 29,000 to 31,500 in 5 years. Calculate the average annual population growth in percents.
- Depreciated 37521
The machine's initial price is 12000 euros. Wear and tear depreciates 21% of its price yearly. What value will the machine have after five years?
- Annual growth
The population has grown from 25,000 to 33,600 in 10 years. Calculate what the average annual population growth in% was.
- 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
- Estimated 36373
The amount of wood in a specific forest area is estimated at 2,106 m3, and the annual wood growth is 2.1%. What will be the situation after 20 years?
- 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 nine 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?
- Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound?
- If you 2
If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long will it take for the account to have $10000?
- Semiannually compound interest
If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account?
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. 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? S
- Future value
Suppose you invested $1000 per quarter over 15 years. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned?
- 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 ten years and $3000 per month for the next 15 years? Assume that the payment represents a rate of return to the person receiving t
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