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Suppose Bert deposited an amount of R600 at the end of every year into an account earning 11,5% interest per year for 3 years. Determine the accumulated amount at the end of year 3.
[1]. 730
[2]. 1320
[3] 745, 94
[4] 134, 23
The future value of an annuity is the balance in an account before a series of payments have been made at equal time intervals.
[1] True
[2] False
We use the _____________to determine the monthly payment and the outstanding principal.
[1] Annuity
[2] Interest
[3] Future value formula
[4] present value formula
What would be the interest due at the end of year 1 if the principal debt was R5000 and the interest rate is 15%
[1] 75 000
[2] 7500
[3] 750
[4] 75, 00
Suppose the price of commodity X rises from N10 per kg to N15 per kg and the quantity demanded increases from 300 kg to 100 kg. Find the price elasticity of demand.
Market Equilibrium: Mathematical Approach
Price (In Thousand)
The market for good A is in equilibrium. Then the price of a substitute good decreases and, simultaneously, the price of an input used to make good A increases. The equilibrium price of good A will
a.
either increase, decrease, or stay the same, and the equilibrium quantity of good A will increase.
b.
either increase, decrease, or stay the same, and the equilibrium quantity of good A will decrease.
c.
increase and the equilibrium quantity of good A will either increase, decrease, or stay the same.
d.
decrease and the equilibrium quantity of good A will either increase, decrease, or stay the same.
When 𝐼 = 10, 𝑎 = 2 and 𝑛 = 5, calculate the value of 𝑑 in the formula below:
𝐼 = 𝑎 + (𝑛 − 1) 𝑑
[1] 𝑑 = 2
[2] 𝑑 = 3
[3] 𝑑 =48
[4] 𝑑 = 8
Simplify the following expression as far as possible: √64𝑝 2 × √𝑝 64 × √𝑝 2 [1] 8p 11 [2] 32p 11 [3] 8p 34 [4] 32p 34
The cost for labour and materials for painting is R60,00 per square metre. How much will it cost to paint a square parking area of sides with length 32 metres. [1] R193 019,45. [2] R1 920,00. [3] R3 840,00. [4] R61 440,00
#339914 on Dec 2023