Determine the monthly repayment on a reducing balance loan of $720 000 at 4.8% p.a. over 25 years.
Give your answer to the nearest dollar.
Unit 3/4 SF
Quiz
•
Mathematics
•
12th Grade
•
Hard
Claire Vogler
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Determine the monthly repayment on a reducing balance loan of $720 000 at 4.8% p.a. over 25 years.
Give your answer to the nearest dollar.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A farmer bought a tractor for $45100 at the start of 2012. It depreciates by $2700 each year.
Identify the mathematical model to determine the value of the tractor.
Answer in the form y=mx+c.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Rosa borrowed $32 000 as a reducing balance loan at 4.8% p.a. compounding monthly, with monthly
repayments of $278.
How much will Rosa owe after 2 months, to the nearest cent?
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A conference is being held in Singapore (UTC +8).
A conference attendee got a flight from Brisbane (UTC +10) at 10:30 am Brisbane time on
Monday 7 December.
If the flight from Brisbane to Singapore took 7 hours and 40 minutes, determine the time,
day and date in Singapore when the flight lands.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The number of students (s) and the number of computers (c) in four secondary schools in Queensland are
shown in the table below.
Determine a linear relationship for this data by fitting a least-squares line to the data.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
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