Final CLA Q4

In order to start a new business, a student takes out a simple interest loan for $4000 for 1 year at a rate of 8.25%.

How much interest must the student pay?

• $330

• $300

• $4,330

• $8.25

You invested $2,000 in an account that earns 4% simple interest every year. If you leave that money in the account, what will be the FUTURE VALUE in 5 years?

• $2,400

• $400

• $4,000

• $2,000

A bank offers a CD that pays a simple interest rate of 6.5%. How much must you put in this CD now in order to have $3000 for a home-entertainment center in 2 years?

(round to the nearest penny)

• $2,654.87

• $654.87

• $3,285.50

• $3,654.87

How much money will I have at the end of 5 years if I invest $25,000 in an account with an interest rate of 6% compounded annually?

round to the nearest dollar

• $33,456

• $25,556

• $36,500

• $26,500

If I invest $100,000 and get a return of 12% compounded monthly. How much money will be in the account at the end of 20 years?

round to the nearest dollar

• $1,089,255

• $189,256

• $112,000

• $964,620

Mr. LaTour invests $20,000 in an account that earns 10% interest that compounds annually for 20 years.

Mrs. Murphy invested $20,000 in an account that earns 10% interest that compounds monthly for 20 years.

How much more money will Mrs. Murphy have than Mr. LaTour at the end of 20 years?

(Round to the nearest dollar)

• $12,011

• $134,550

• $146,561

• $281,111

A 33 foot ladder leans against a building, so that the angle between the ground and the ladder is 80°. How high does the ladder reach up the side of the building?

-----round to nearest tenth place-----

one decimal place

example: 12.5

Assuming that a 370 foot tall giant redwood grows vertically, if I walk a certain distance from the tree and measure the angle of elevation to the top of the tree to be 60°, how far from the base of the tree am I?

------round to the nearest whole number------

Find the length of the hypotenuse.

-----round to nearest whole number-----

Find angle 'A'

hint... to find the angle, use the inverse sin cos tan

(second button on the calculator)

-----round to nearest whole number-----