7. Consider the tape diagrams below, then answer the question that follows: 5,250 1,750 5,250-1,750 = 3,500 Which of the following problems could best be represented by the model above? You placed $4,200 in an investment account. After five years, the total amount in the account appreciated by 25%. At this point, you decided to withdraw onethird of the money a. in the account to move to a new investment. How much money was left in the account? b. You placed $5,250 in an investment account. After five years, the total amount in the account depreciated by 20%. It then depreciated by one-third. How much money was left in the account? A furniture dealer buys a sofa from his distributor for $4,200. However, he marks this price up by 20% when he sells it to you. You eventually sell the sofa for a third of what you paid for it. How much did you sell the sofa for? d. A furniture dealer sold you a sofa for 20% off of $5,250. If you eventually sell the sofa for one-third less than what you paid for it, for how much money did you sell the sofa? С.
7. Consider the tape diagrams below, then answer the question that follows: 5,250 1,750 5,250-1,750 = 3,500 Which of the following problems could best be represented by the model above? You placed $4,200 in an investment account. After five years, the total amount in the account appreciated by 25%. At this point, you decided to withdraw onethird of the money a. in the account to move to a new investment. How much money was left in the account? b. You placed $5,250 in an investment account. After five years, the total amount in the account depreciated by 20%. It then depreciated by one-third. How much money was left in the account? A furniture dealer buys a sofa from his distributor for $4,200. However, he marks this price up by 20% when he sells it to you. You eventually sell the sofa for a third of what you paid for it. How much did you sell the sofa for? d. A furniture dealer sold you a sofa for 20% off of $5,250. If you eventually sell the sofa for one-third less than what you paid for it, for how much money did you sell the sofa? С.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:7. Consider the tape diagrams below, then answer the question that follows:
5,250
1,750
5,250 1,750 = 3,500
Which of the following problems could best be represented by the model above?
You placed $4,200 in an investment account. After five years, the total amount in the
account appreciated by 25%. At this point, you decided to withdraw onethird of the money
in the account to move to a new investment. How much money was left in the account?
b. You placed $5,250 in an investment account. After five years, the total amount in the
account depreciated by 20%. It then depreciated by one-third. How much money was left in
a.
the account?
A furniture dealer buys a sofa from his distributor for $4,200. However, he marks this price
up by 20% when he sells it to you. You eventually sell the sofa for a third of what you paid
for it. How much did you sell the sofa for?
d. A furniture dealer sold you a sofa for 20% off of $5,250. If you eventually sell the sofa for
one-third less than what you paid for it, for how much money did you sell the sofa?
C.
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