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    U6 - Questions PT 2 Blank

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    arielliu011330

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    U6 - Questions PT 2 Blank

    Uploaded by

    arielliu011330
    5 views5 pages

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    U6_ Questions pt 2 blank

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    Copyright:

    © All Rights Reserved
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    5 views5 pages

    U6 - Questions PT 2 Blank

    Uploaded by

    arielliu011330

    Copyright:

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

    1. After knee surgery, your trainer tells you to return to your jogging program slowly.

    He suggests jogging for 12 minutes each day for the first week. Each week thereafter,
    he suggests that you increase that time by 6 minutes per day. How many weeks will it
    be before you are jogging 60 minutes a day?

    2. A theater has 60 seats in the first row, 68 seats in the second row, 76 seats in the
    third row, and so on in the same increasing pattern. If the theatre has 20 rows of
    seats, how many seats are in the 20th row of the theater?

    3. A display of cans on a grocery shelf consists of 20 cans on the bottom, 18 cans in the
    next row, 16 cans in the next row and so on in an arithmetic sequence, until the top
    row has 4 cans. How many rows are there on the display?

    4. Each year a school manages to use only 90% of the paper they used the previous year.
    In 2003 they used 700 000 sheets of paper. How many sheets of paper did the school
    use in 2010?
    5. Find the future value of an investment of $8500 at an interest rate of 4.5%
    compounded annually after 10 years.

    6. Ahmed wants to buy a house. He invests $165000 for 5 years. Interest is calculated at
    6% p.a compounded quarterly. How much money will Ahmed have in his account
    after the 5 years?

    7. There were originally 1400 alligators in the Florida Everglades. Since then, the
    population of alligators has increased by 5% each year. How long will it take for the
    population to be more than 2000?

    8. A pile of bricks has 97 bricks in the first row, 91 bricks in the second row, 85 bricks in
    the third row, and so on until there is only one brick in the top row. How many bricks
    are in the 15th row?
    9. Starting May 1st, a new store will begin giving away 500 posters as a promotion. Each
    day, 4 posters will be given away. If the store is open 7 days a week, how many
    posters will the store have left when it opens for business on May 14?

    10. Jeremy invests $8000 into a savings account that pays an annual interest rate of
    5.5% compounded annually.
    a. Write down a formula which calculates that total value of the investment after
    n years.

    b. Calculate the amount of money in the savings account after:


    i. 1 year

    ii. 3 years
    c. Jeremy wants to use the money to put down a $10 000 deposit on an
    apartment. Determine if Jeremy will be able to do this within a 5-year
    timeframe.

    11. Alex and Julie each have a goal of $ 30 000 to put towards a house deposit. They each
    have $16 000 to invest.
    a. Ales chooses his local bank and invests his $16 000 in a savings account that
    offers an interest rate of 5% per annum compounded annually.
    i. Find the value of Alex’s investment after 7 years, to the nearest
    hundred dollars.

    ii. Alex reaches his goal after n years, where n is an integer. Determine
    the value of n.

    b. Julie chooses a different bank and invests her $16 000 in a savings account
    that offers an interest rate of r% per annum compounded monthly, where r is
    set to two decimal places.

    Find the minimum value of r needed for Julie to reach her goal after 10 years.
    c. Xavier also wants to reach a savings goal of $30 000. He doesn’t trust his
    local bank so he decides to put his money into a safety deposit box where it
    does not earn any interest. His system is to add more money into the safety
    deposit box each year. Each year he will add one third of the amount he added
    in the previous year.
    i. Show that Xavier will never reach his goal if his initial deposit into the
    safety deposit box is $16 000.

    ii. Find the amount Xavier needs to initially deposit in order to reach his
    goal after 7 years. Give your answer to the nearest dollar.

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