1. Suppose that the population of deer in a state is 19,900 and is growing 3% each year. Predict the population after 10 years
A. about 274,338 deer
B. about 26,744 deer
C. about 597,000 deer
D. about 204,970 deer
Find the balance in the account
2. $3,300 principal earning 4% compounded annually, after 3 years
A. $3,712.05
B. $211,200.00
C. $3,696.00
D. $10,296.00
3. $1,600 principal earning 7%, compounded semi-annually, after 33 years
A. $4,979.11
B. $14,920.54
C. $112,992.00
D. 15,494.70
4. A boat cost $11,850 and decreases in a value by 10% per year. How much will the boat be worth after 8 years?
A. $5,101.04
B. 11,770.00
C. $4,590.93
D. $25,401.53
5. A tractor costs $15,450 and depreciates in a value by 14% per year. How much will the tractor be worth after 3 years?
A. $22,889.85
B. $15,408.00
C. $8,451.28
D. $9,827.07