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1 | |
Write | (0.0K) | as a single power using positive exponents only: |
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| | A) | 1/y4 |
| | B) | 1/y22 |
| | C) | y7 |
| | D) | y8 |
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2 | | Rewrite 643x+1 as a single power with 2 as a base. |
| | A) | 218x+6 |
| | B) | 23x-5 |
| | C) | 23x+7 |
| | D) | (26)3x+1 |
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3 | | The following table shows the number of bacteria in an experiment: (50.0K)
If the exponential trend continues, how many bacteria will be in the dish in 6 hours? |
| | A) | 2531 |
| | B) | 10 757 |
| | C) | 15 059 |
| | D) | 21 083 |
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4 | | Which of the following could be the equation of the graph shown: (73.0K) |
| | A) | y =4x |
| | B) | y = (1/4)x |
| | C) | y = 5x |
| | D) | y = (1/5)x |
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5 | | The number of people who are fans of the group Delixious doubles every three weeks. If Delixious currently has 4 fans, how many fans will they have a year from now? |
| | A) | 200 056 |
| | B) | 347 902 |
| | C) | 510 442 |
| | D) | 660 561 |
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6 | | Find the value of $5400 invested for 10 years at 7.15% compounded semi-annually. |
| | A) | $11 015.21 |
| | B) | $10 969.12 |
| | C) | $10 901.66 |
| | D) | $10 772.48 |
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7 | | Amit’s parents want to deposit enough money today so Amit will have $50 000 for college in fifteen years. If they can get an account paying 4.5% per year compounded quarterly, how much do they have to deposit today? |
| | A) | $25 489.98 |
| | B) | $25 553.94 |
| | C) | $25 649.00 |
| | D) | $25 836.02 |
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8 | | What interest rate, compounded annually, will double an investment in twenty years? |
| | A) | 3.53% |
| | B) | 3.87% |
| | C) | 4.02% |
| | D) | 4.25% |
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9 | | Duquon has a $300 loan due in a year. His creditor is willing to let him pay it off now at an interest rate of 12% compounded monthly. How much will Duquon have to pay? |
| | A) | $266.23 |
| | B) | $266.55 |
| | C) | $267.00 |
| | D) | $267.86 |
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10 | | Winston wants to invest $5000 he recently received from an inheritance. How much more will his investment be worth in 10 years if he invests it at 5% compounded daily rather than 5% compounded annually? |
| | A) | $8243.32 |
| | B) | $8144.47 |
| | C) | $98.85 |
| | D) | $84.68 |
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11 | | Orville has $709 in a savings account that pays 2.9% interest per year compounded daily. How much interest will he earn in a month of 30 days? |
| | A) | $1.69 |
| | B) | $1.75 |
| | C) | $3.39 |
| | D) | $17.67 |
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12 | | Astrid starts an RRSP at age 29, depositing $250 every month into an account paying 5.1% compounded monthly. How much will the RRSP have when she retires at age 65? |
| | A) | $300 554.04 |
| | B) | $304 877.56 |
| | C) | $307 121.84 |
| | D) | $308 650.06 |
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13 | | Gary has a choice between four chequing accounts at his local bank: Option A: charges $8.95/month for the first 10 transactions and 25 cents/transaction after that Option B: charges $10.95/month for the first 12 transactions and 10 cents/transaction after that Option C: charges $15.95/month for the first 20 transactions and 9 cents/transaction after that Option D: charges $18.95/month for unlimited transactions
If Gary gets paid every week by direct deposit and makes an average of 5 payments by debit card per week, which plan is the best for him? |
| | A) | Option A |
| | B) | Option B |
| | C) | Option C |
| | D) | Option D |
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14 | | Given the following data about a particular model of car with a sticker value of $19 499: (44.0K)
Calculate the depreciation after 5 years as a percent of the new vehicle price. |
| | A) | 24% |
| | B) | 17% |
| | C) | 12% |
| | D) | 8% |
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15 | | Maureen’s car, under normal city driving conditions, has a fuel efficiency of 15.2L/100 km. If Maureen’s car has a 50 L gas-tank, approximately how far can she drive on one tank of gas? |
| | A) | 329 km |
| | B) | 286 km |
| | C) | 14 km |
| | D) | 7.6 km |
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