Reference no: EM132564470

Questions -

Q1. A student purchased a $1200 bond at an interest rate of 6% per annum. Find the interest that this student receives after 8 months.

Q2. A student invests $1500 in an investment that pays 6% simple interest per year. If the total value of the investment (interest + principal) is the first term of an arithmetic sequence, then the 3rd term of the sequence would be:

a) $1680

b) $1512

c) $1770

d) $1590

Q3. A student invests $900 in an investment that pays 5% simple interest per year. A cheque in the amount of the interest at the end of each year is mailed to the student. The graph of this arithmetic sequence has a slope of?

Q4. In the first year of employment, an employee is paid $97030 per year. If this employee receives raise of $910 per year, after how many years would this employee's salary be $132830 per year. Round to the nearest year.

Q5. The manager of a condo development receives a base salary of $15000 per year plus $400 for every condo unit sold. Which of the following formulas relates the number of condo sold to the manager's salary?

tn = 15000 + 400n

tn = 15000 + 400(n - 1)

tn = 15000 + 400 + n

tn = 400n

Q6. A sports utility vehicle sells for $30200. The vehicle depreciates $4850 the first year and $1410 each year thereafter. Calculate the value of the vehicle at the end of the 3th year.

Q7. A pile of bricks is arranged in rows. The numbers of bricks in the rows form an arithmetic sequence. There are 30 bricks in the 5th row and 39 bricks in the 2nd row. How many bricks are in the first row?