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    Math101 Assignment 3 Andy

    Uploaded by

    jehoshua35
    1. The document contains 5 sections (A through E) that calculate various financial and rate problems. 2. Section A calculates the interest earned on a $100,000 principal amount over 4.5 years at 7.5% annual interest compounded quarterly, monthly, and continuously. 3. Section B calculates the dimensions of a metal sheet needed to form a box with a volume of 486 cm3. 4. Section C calculates the cost of a car after 7 years based on its initial cost and an annual depreciation rate. 5. Sections D and E calculate the amounts of different types of chocolate kisses and plane speeds needed to produce a chocolate mixture at minimum cost and travel

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    Math101 Assignment 3 Andy

    Uploaded by

    jehoshua35
    9 views5 pages
    1. The document contains 5 sections (A through E) that calculate various financial and rate problems. 2. Section A calculates the interest earned on a $100,000 principal amount over 4.5 years at 7.5% annual interest compounded quarterly, monthly, and continuously. 3. Section B calculates the dimensions of a metal sheet needed to form a box with a volume of 486 cm3. 4. Section C calculates the cost of a car after 7 years based on its initial cost and an annual depreciation rate. 5. Sections D and E calculate the amounts of different types of chocolate kisses and plane speeds needed to produce a chocolate mixture at minimum cost and travel

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    MATH101 ASSIGNMENT 3 ANDY

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    1. The document contains 5 sections (A through E) that calculate various financial and rate problems. 2. Section A calculates the interest earned on a $100,000 principal amount over 4.5 years at 7.5% annual interest compounded quarterly, monthly, and continuously. 3. Section B calculates the dimensions of a metal sheet needed to form a box with a volume of 486 cm3. 4. Section C calculates the cost of a car after 7 years based on its initial cost and an annual depreciation rate. 5. Sections D and E calculate the amounts of different types of chocolate kisses and plane speeds needed to produce a chocolate mixture at minimum cost and travel

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views5 pages

    Math101 Assignment 3 Andy

    Uploaded by

    jehoshua35
    1. The document contains 5 sections (A through E) that calculate various financial and rate problems. 2. Section A calculates the interest earned on a $100,000 principal amount over 4.5 years at 7.5% annual interest compounded quarterly, monthly, and continuously. 3. Section B calculates the dimensions of a metal sheet needed to form a box with a volume of 486 cm3. 4. Section C calculates the cost of a car after 7 years based on its initial cost and an annual depreciation rate. 5. Sections D and E calculate the amounts of different types of chocolate kisses and plane speeds needed to produce a chocolate mixture at minimum cost and travel

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    A.

    Principal , P=$ 100,000

    Rate ,r =7.5 %(0.075)

    time , t=54 months (4.5 years)

    ( ) where n=number of ×the amount is compounded∈a year


    nt
    r
    Amount , A=P 1+
    n

    I. for quaterly compound , n=4


    A=100,000 ¿
    18
    A=100,000 (1.01875 )
    A=100,000 (1.39706 )
    A=$ 139,707.00

    II. for monthly compound ,n=12

    ( )
    12 ×4.5
    0.075
    A=100,000 1+
    12
    54
    A=100,000 (1.00625 )
    A=100,000(1.39997)
    A=$ 139,997.00

    III. for continuous compound , A=P e


    rt

    0.075 ×4.5
    A=100,000 ( 2.7183 )
    0.3375
    A=100,000 ( 2.7183 )
    A=100,000(1.40144)
    A=$ 140144.00

    x
    B. x−12

    Volume of the box formed = 486 cm 3

    Let the length of the metal sheet ¿ x cm


    Length of the box formed ¿ x−12 cm
    Hight of the box formed,h=6 cm
    2
    but v=(x−12) ×h
    2
    486=( x−12) ×6
    2 486
    (x−12) =
    6
    2
    (x−12) =81
    x−12=±9
    x=9+ 12
    x=21 cm
    ¿
    x=−9+ 12
    x=3 cm
    but since the x must be greater than 12cm , the real solution is
    x=21 cm
    ∴ the dimensions of the piece of metal sheet is 21cm by 21 cm.
    C.
    let y=number of years

    y 0=theinitial year

    y 7=the seventh year

    let c=the cost of each car

    c 0=the inital cost=Ghs31,500

    c 7=the cost after seven years=0

    let m=the slope of the straight line formed by depreciatins

    since mis depreciation , m=−4500

    using the equation of a straight line [ y− y1 =( x−x 0 ) m ] ,


    c−c 0=( y− y 0 ) m
    c−31500=( y−0 )−4500
    c−31500=−4500 y
    for y=3 ;
    c−31500=−4500 (3 )
    c=−13500+ 31500
    c=18000

    D. let the number of dark chocolate kisses needed=n


    let the number of white chocolate kisses needed=30−n

    cost of mixture per kg=$ 10.90

    cost of dark chocolate kisses per kg=$ 13.50

    cost of white chocolate kisses per kg=$ 7.00

    kilogram of mixture ¿ be produced=30 kg


    thentotal cost of mixture ¿ be produced=30 × $ 10.90=$ 327.00

    n(13.5)+7 (30−n)=327
    13.5 n+210−7 n=327
    13.5 n−7 n=327−210
    6.5 n=117
    117
    n=
    6.5
    n=18
    30−n=30−18=12
    ∴ the amounof dark chocolate kisses ∈kg needed for themixture is18 kg
    the amount of white chocolate kisses needed for the mixture is 12 kg

    E. let n=therate of the second plane


    let n+50=rate of the first plane
    distance , d=1,500 km

    time , t=3 h

    distance=rate× time
    1,500=( n+n+50 ) ×3
    1,500
    2 n+50=
    3
    2 n=500−50
    2 n=450
    n=225 km/h
    n+50=225+50=275 km/h
    ∴ the first plane was flying at therate of 275 km /h
    the second plane was flying at the rate of 225 km/h
    ADS23B00117Y

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