6. Q6
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Similar Question 1
<p>Lena invests <code class='latex inline'>\$5200</code> at <code class='latex inline'>3\%/a</code> simple interest, while her friend Dan invests <code class='latex inline'>\$3600</code> at <code class='latex inline'>5\%/a</code> simple interest. </p><p>How long will it take for Dan&#39;s investment to be worth more than Lena&#39;s?</p>
Similar Question 2
<p>Tammie took out a loan for <code class='latex inline'>\$940</code> at an annual rate of <code class='latex inline'>11.5\%</code> simple interest. When she repaid the loan, the amount was <code class='latex inline'>\$1100</code>. How long did Tammie hold this loan?</p>
Similar Question 3
<img src="/qimages/851" /><p><strong>(a)</strong> Develop a linear model to represent the amount in the GIC versus time.</p><p><strong>(b)</strong> Explain why the model from part (a) is a partial variation. Identify the fixed part and the variable part.</p><p><strong>(c)</strong> How long will it take, to the nearest month of this investment to double from its install value?</p>
Similar Questions
Learning Path
L1 Quick Intro to Factoring Trinomial with Leading a
L2 Introduction to Factoring ax^2+bx+c
L3 Factoring ax^2+bx+c, ex1
Now You Try
<p>Matthew invests <code class='latex inline'>\$850</code> at <code class='latex inline'>7\%/a</code> simple interest. How long will he have to leave his investment in the bank before earning <code class='latex inline'>\$200</code> in interest?</p>
<img src="/qimages/851" /><p><strong>(a)</strong> Develop a linear model to represent the amount in the GIC versus time.</p><p><strong>(b)</strong> Explain why the model from part (a) is a partial variation. Identify the fixed part and the variable part.</p><p><strong>(c)</strong> How long will it take, to the nearest month of this investment to double from its install value?</p>
<p>The graph show the amount of an investment earning simple interest.</p><img src="/qimages/6171" /><p><strong>(a)</strong> Write an equation not relate the interest to time.</p><p><strong>(b)</strong> Use your equation from part (a) to determine how long it will take for the original investment to double.</p>
<p>The graph show the amount of an investment earning simple interest.</p><img src="/qimages/6171" /><p><strong>(a)</strong> What is the principal?</p><p><strong>(b)</strong> What is the annual interest rate?</p><p><strong>(c)</strong> Write an equation to relate the amount to time.</p><p><strong>(d)</strong> Use your equation from party (c) to determine how long it will take, to the nearest month, for the original investment to double.</p>
<p>To save for a new pair of skis, Sven deposits <code class='latex inline'>\$250</code> into a savings bond that earn <code class='latex inline'>4.5\%</code> per year, simple interest.</p><p><strong>(a)</strong> Write an equation to relate the amount of the investment to time.</p><p><strong>(b)</strong> Graph the function.</p><p><strong>(c)</strong> How long will it take, to the nearest month, for the amount to reach$300?</p><p><strong>(d)</strong> What interest rate is required for the amount to reach $300 in 2 years less than your answer in part (c)?</p> <p>Rita borrows <code class='latex inline'>\$500</code> at an annual rate of <code class='latex inline'>8.25\%</code> simple interest to enrol in a driver&#39;s education course. She plans to repay the loan in 187 months.</p><p><strong>(a)</strong> What amount must she pay back?</p><p><strong>(b)</strong> How much interest will she pay?</p><p><strong>(c)</strong> How much sooner should Rita repay the loan if she wants t soapy no more than <code class='latex inline'>\$50</code> in interest charges?</p> <p>Yuri deposits$850 into an account that earns 6.25% per year simple interest. How long will it take for the amount in this account to reach $1000?</p> <p>Lena invests <code class='latex inline'>\$5200</code> at <code class='latex inline'>3\%/a</code> simple interest, while her friend Dan invests <code class='latex inline'>\$3600</code> at <code class='latex inline'>5\%/a</code> simple interest. </p><p>How long will it take for Dan&#39;s investment to be worth more than Lena&#39;s?</p> <p>Tammie took out a loan for <code class='latex inline'>\$940</code> at an annual rate of <code class='latex inline'>11.5\%</code> simple interest. When she repaid the loan, the amount was <code class='latex inline'>\\$1100</code>. How long did Tammie hold this loan?</p>
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