
General Mathematics Unit 4
Authored by Jessica James
Mathematics
11th Grade - University
Used 24+ times

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37 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
The starting value of this investment (n=0) is:
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
The percentage rate for this investment is:
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
The balance of this account after 1 year (n = 1) is:
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
The amount of interest earned after one year is:
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
The amount of interest after one year is $201. Therefore $201 is ____% of $3000.
6.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
A recurrence relationship is given below.
An + 1 = 1.067An, A0 = $3000
Calculate when the balance will be above $5000
n = ____?
7.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
$10,000 compounds daily at 3% interest p.a.
Calculate the value after 6 months. (rounded to two decimal places)
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