Question: Grade 11 math-financial applications Please answer all Questions as clear and detailed as possible! Thank you so much! 9. Liam is the foreman for a


9. Liam is the foreman for a new lake being excavated. One day 1.6 ton of material is removed from the lake bed. Each day following 5% more is removed than the previous day. What is the amount removed on the 30th day? Show and EXPLAIN all steps to get full marks. 10. Naryan invests $725 at 5.2%/a simple interest. What is the total amount in Naryan's account at the end of 5 years? Show and EXPLAIN all steps to get full marks. MCR 3U: Night School 2022 OCDSB Day 24 11. Jacob invested $6300. A year and a half later, his investment was worth $6550.49. His investment earned interest compounded weekly. Determine the annual interest rate being earned on his investment. Round your final answer to one decimal place. Show and EXPLAIN all steps to get full marks. 12. Julia took out a loan to buy some patio furniture. The loan had an interest rate of 15.6%/a compounded monthly. Three years later, she paid off the loan by paying $3900.37. How much did the patio furniture originally cost? Show and EXPLAIN all steps to get full marks
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
