1. The population of a city is 50,000. It is increasing at an annual rate of 3%. What is the population of this city in 4 years?
2. The population of Detroit, Michigan was 951,300 in 2000. Detroit has been experiencing a population decline of 1.4% per year since 2000. What is the projected population for 2005 in Detroit?
3. The Diaz family bought a house for $225,000. If the value of the house increases at a rate of 5% per year, about how much will the house be worth in 8 years? Round to the closest dollar.
a. 213,750
b. 330,599
c. 332,427
d. 576,650
4. Lance puts $2500 in a savings account that pays 3.75% interest compounded yearly. How much money to the nearest dollar will be in the account 5 years later if he makes no more deposits or withdrawals?
a. 12,287
b. 3,005
c. 3,002
d. 2,875
5. An investment is losing value at a rate of 2% per year. Your original investment was $1250 three years ago. How much is it worth now to the nearest dollar?
a. 1327
b. 1254
c. 1176
d. 973
2007-08-12
16:01:20
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3 answers
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asked by
Sunshine
1
in
Education & Reference
➔ Trivia