1. ) Lucy invested 7000 Euros at 6% p.a. interest compounded annually. Find the value of this investment after 5 years.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
1. ) Lucy invested 7000 Euros at 6% p.a. interest compounded annually. Find the value of this investment after 5 years.
2.) What will an investment of 3000 Euros at 4.8% p.a. interest compounded annually amount to after ears?
3.) 2000 Euros is invested for 4 years at 2.8% p.a. interest compounded annually.
a. What will it amount to at the end of this period?
b. How much interest has been earned?
4.) How much compound interest is earned dby investing 20 000 Euros at 4.2% p.a. over a 4 year period?
5.) How much compound interest is earned by investing $8,000 at 2.9% over a 3 year period?
6.) $20 000 is invested at 4.8% p.a. interest compounded quarterly. Find the value of this investment after:
a. 1 year
b. 3 years
7.) a. What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to after 4 years?
b. How much of this is interest?
8.) How much interest is earned by investing $80 000 at 4.4% p.a. for a 3 year period with interest compounded quarterly?
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