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Home Question Bank Economics Archive 2025 January 05

Economics Questions from Jan 05,2025

Browse the Economics Q&A Archive for Jan 05,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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6. Canada imports steel, iron, and organic and inorganic chemicals from Trinidad and Tobago. The exchange rate for converting the Canadian to the Trinidad and Tobago dollar is 6.1805 . How many Trinidad and Tobago dollars will you get for \( \$ 200.00 \) CAD? 5. The exchange rate for converting a Canadian dollar to the Swiss franc (SFr) is 1.0542 . How many Swiss francs will you get for \( \$ 400.00 \) CAD? a) \( \$ 1.00 \) is worth 95.4911 Japanese yen Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effective interest rate. A lawnmower was traded in for R236 after 10 years. The depreciation was calculated at \( 9,2 \% \) p.a. on a straight-line basis. Determine the cost of the lawnmower 10 years ago. TION 2 Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was then changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7 -year period. 6. Suppose you have frw 100,000 to invest for one year at a nominal annual rete, of \( 8 \% \), how much would your investment be worth after one year if interest is compounded: Annually ii. Quarterly iii. Monthly iv. Weekly v. Daily 17. The population of a town in 2013 was estimated to be 35,000 people. It has an annual rate of increase (growth) of about \( 2.4 \% \). ) What is the growth factor for the town? ) Write an equation to represent future growth. ) Use your equation to estimate the population in 2007 to the nearest hundred eople. Ta be able to bur a new computer, Raina deoides to save for 5 years. She opens a savings a rate of \( 5 \% \), She doeant make any more deposits. Answer the following questions. If necessary, refer to the list of financial formulas. (a) How much total interest will Raina earn? (b) what will the total amount in the account be (induding interest)? ESTION 2 Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was then changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7 -year period. Boitumelo invests an amount of R28 000 for a period of 7 years. For the first twe years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was the changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7 -year period. 2. An article was sold for \( ₹ 250 \) with a profit of \( 5 \% \). What was its cost price? 4. An item was sold for \( ₹ 540 \) at a loss of \( 5 \% \). What was its cost price?
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