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A) In (r + 2) B) 5 r+2 () r+2 5 D) In 5-r Ive the problem. 21) Allan borrowed $4800 from his father to buy a car. He repaid him after 10 months with interest of 10%. Find the total amount he repaid. D) $400.00 A) $5280.00 B) $5200.00 C) $5160.00

A) In (r + 2) B) 5 r+2 () r+2 5 D) In 5-r Ive the problem. 21) Allan borrowed $4800 from his father to buy a car. He repaid him after 10 months with interest of 10%. Find the total amount he repaid. D) $400.00 A) $5280.00 B) $5200.00 C) $5160.00

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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### Financial Mathematics and Algebra Problems Here are some practice problems involving loan interests and algebraic expressions. #### Algebra Problems **20. Solve the problem:** - \( \ln (r + 3) = \ln (5 + 1) \) Options: A) \( r + 2 \) B) \( \frac{11 + r}{9} \) C) \( \frac{r + 2}{5} \) D) \( \ln 5 - r \) #### Loan Interest Problems **21. Solve the problem:** - Jim borrowed $4800 from his father to buy a car. He repaid him after 10 months with interest of 10%. Find the total amount he repaid. Options: A) $5280.00 B) $5200.00 C) $5160.00 D) $5400.00 **22. Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary:** - A loan of $97,000 at 5.5% made on Feb 18 and due on June 30. Options: A) $1246.13 B) $2069.69 C) $2116.73 D) $2098.43 **23. Solve the problem:** - A company has ordered 5 new personal computers at a cost of $1700 each. They will not be delivered for 3 months. What amount should the firm deposit in an account paying 7.32% to have enough money to pay for them? Options: A) $7112.04 B) $7965.51 C) $8011.31 D) $7920.24 **24. Find the future value of the loan and the interest. Round to the nearest cent:** - $1000 loan at 7.5% for 9 months. Options: A) $944.13 B) $6474.32 C) $10127.50 D) $6448.13 **25. Find the future value of the loan and the interest. Round to the nearest
Transcribed Image Text:### Financial Mathematics and Algebra Problems Here are some practice problems involving loan interests and algebraic expressions. #### Algebra Problems **20. Solve the problem:** - \( \ln (r + 3) = \ln (5 + 1) \) Options: A) \( r + 2 \) B) \( \frac{11 + r}{9} \) C) \( \frac{r + 2}{5} \) D) \( \ln 5 - r \) #### Loan Interest Problems **21. Solve the problem:** - Jim borrowed $4800 from his father to buy a car. He repaid him after 10 months with interest of 10%. Find the total amount he repaid. Options: A) $5280.00 B) $5200.00 C) $5160.00 D) $5400.00 **22. Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary:** - A loan of $97,000 at 5.5% made on Feb 18 and due on June 30. Options: A) $1246.13 B) $2069.69 C) $2116.73 D) $2098.43 **23. Solve the problem:** - A company has ordered 5 new personal computers at a cost of $1700 each. They will not be delivered for 3 months. What amount should the firm deposit in an account paying 7.32% to have enough money to pay for them? Options: A) $7112.04 B) $7965.51 C) $8011.31 D) $7920.24 **24. Find the future value of the loan and the interest. Round to the nearest cent:** - $1000 loan at 7.5% for 9 months. Options: A) $944.13 B) $6474.32 C) $10127.50 D) $6448.13 **25. Find the future value of the loan and the interest. Round to the nearest
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