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1. |
Real Estate Julie bought a house for $100,000 five years ago. If the value of the house has appreciated 5% per year, how much is it worth now? |
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A. |
$125,000.00 |
B. |
$127,628.16 |
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C. |
$77,378.09 |
D. |
$119,643.57 |
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Hint |
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2. |
A Mickey Mantle rookie card appreciates in value 2% every year. How much was it worth in 1990 if it is worth $35,000 in 2000? |
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A. |
$28, 712 |
B. |
$5653 |
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C. |
$42,665 |
D. |
$216,711 |
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Hint |
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3. |
Two cities have insect problems. The insects in City A increase exponentially according to the equation y = 120,000e0.04t. The insects in City B increase exponentially according to the equation y = 90,000e0.08t. In 15 years, which city will have more insects, and by approximately how much? |
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A. |
City A, by about 30,000 |
B. |
City B, by about 80,000 |
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C. |
City B, by about 30,000 |
D. |
City A, by about 80,000 |
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Hint |
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4. |
Two cities have insect problems. The insects in City A increase exponentially according to the equation y = 120,000e0.04t. The insects in City B increase exponentially according to the equation y = 90,000e0.08t. When will the cities have an equal amount of insects? |
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A. |
at t = 3 years |
B. |
at t = 34.66 years |
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C. |
at t = 7.19 years |
D. |
at t = 7.89 years |
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Hint |
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5. |
Suppose a new car loses value at 10% per year for the first 5 years. When should the owner sell it if they want to receive 75% of what they paid for it? |
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A. |
after 2.73 years |
B. |
after 2 years |
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C. |
after 3 years |
D. |
after 2.5 years |
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Hint |
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