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Home Question Bank Economics Archive 2025 January 12

Economics Questions from Jan 12,2025

Browse the Economics Q&A Archive for Jan 12,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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A lawnmower was traded in for R 236 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. portions \( \leqslant \begin{array}{l}\text { Atrades worker is considering a job offer in another city. Her current job pays } \$ 2900 \text { per month and is in a city with a cost of living index of } 98.5 \text {. The cost of living index in the new } \\ \text { location is } 128.1 \text {. If she were to maintain her present lifestyle, how much would she need to earn per month in the new job? (Hint. Cost of living must be directly proportional } \\ \text { lo salary.) }\end{array} \) HW Score: 89.47\%, 17 of 19 points She would need to earn \( \$ \square \) per month in the new job. (Round to the nearest whole number as needed.) STION 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 the changed to \( 10 \% \) p.a. compounded quarterly. Determine the value of the investment after the 7-year period. Allam just finished a great meal at a restaurant in Wisconsin. The sales tax in Wisconsin is \( 5 \% \), and it is customary to leave a tip of \( 15 \% \) for the server. The tip amount is calculated on the price of the meal before the tax is applied. (Sales tax is not calculated on tips.) If Allam ordered a \( \$ 15 \) meal, how much money will he have to pay with tax and tip? \( \$ \) QUESTION 2 2.1 Boitumelo invests an amount of R 28000 for a period of 7 years. For the first two years the interest was \( 12 \% \) p.a. compounded semi-annually. The interest was ther changed to \( 10 \% \) pa. compounded quarterly. Determine the value of the investment after the 7 -year period. Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effective interest rate. A lawnmower was traded in for R 236 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. Boitumelo interest was \( 12 \% \) p.a. compounded semi-annually. The interest was the years the int \( 10 \% \) p.a. compounded quarterly. changed to \( 10 \% \)-year period. Determine the value of the investment after the 7 -year 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. QUESTION 2 \( 2.1 \quad \begin{array}{l}\text { Boitumelo invests an amount of R28 } 000 \text { for a period of } 7 \text { years. For the first two } \\ \text { years the interest was } 12 \% \text { p.a. compounded semi-annually. The interest was then } \\ \text { changed to } 10 \% \text { p.a. compounded quarterly. } \\ \text { Determine the value of the investment after the } 7 \text {-year period. }\end{array} \) QUESTION 2 \( 2.1 \quad \begin{array}{l}\text { Boitumelo invests an amount of R28 } 000 \text { for a period of } 7 \text { years. For the first two } \\ \text { years the interest was } 12 \% \text { p.a. compounded semi-annually. The interest was then } \\ \text { changed to } 10 \% \text { p.a. compounded quarterly. } \\ \text { Determine the value of the investment after the } 7 \text {-year period. }\end{array} \) QUESTION 2 Boitumelo invests an amount of R 28000 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. 2.2 Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effective (3) 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. 2.3
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