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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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QUESTION 2 2.1 Boitumelo invests an amount of R28 000 for a period of 7 years. For the first two (3) 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. Drei Kapitalien von Fr. 4000 .-, Fr. 5500 .- und Frr. 8500 .- ergeben einen Jahreszins von zusammen Fr. 740 .- Der Zinssatz für das 2. Kapial ist ein halbes Prozent höher als derjenige für das 1 . Kapital, und der Zinssatz für das 3. Kapital ist um ein ganzes Prozent höher als für das 2 . Kapital. Welches sind die drei Zinssätze? . Prediction Test ARITHEMETIC MATH PARAGRAPH WORD REASONING KNOWLEDGE COMPREHEN... KNOWLEDGE 13/16 A plumber has a car payment of \( \$ 250 \) per month. \( \$ 225 \) of which goes to paying off the principle and rest goes to interest. What is the interest rate? A \( \checkmark 25 \% \) B \( 15 \% \) C \( 10 \% \) D 11\% Time 33 : 19 \( P=₹ 6000, f=F 900, T=7 \) yeass. Find \( R \) Principal \( =6000 \) Mary borrowed ₹ 1,400 at the rate of \( 6 \%(\beta, a) \) for 8 years and 5 months. It Find the amount she paid back. borrowed ₹1,400 at the rate of \( 6 \%(p . a) \) years and 5 months. It Find the amount she paid back. \begin{tabular}{|ll}\hline \( \begin{array}{l}\text { Mason has decided to purchase a new bike, which he will } \\ \text { ride for fun. He has a very strict weekly budget, and has } \\ \text { found a bike he can afford. }\end{array} \) & \( \begin{array}{l}\text { If Mason wants to consider his short-term and long- } \\ \text { term goals, which questions should he ask? Check all } \\ \text { that apply. }\end{array} \) \\ \( \square \) & Will other kids think my new bike is cool? \\ Do I want the bike this month, or should I wait and \\ buy it during the summer? \\ Will buying the bike keep me from reaching another \\ goal, like buying a car? \end{tabular} 8) How much does a user save with the \( \$ 2000 \) deductible plan over the \( \$ 500 \) deductible plan for medical costs of \( \$ 15,000 \) (the cost of having a baby)? Check Show answer For the \( \$ 500 \) deductible plan, the user pays \( \$ 2,750 \) in yearly fees, the \( \$ 500 \) deductible, and \( 20 \% \) of all medical costs over \( \$ 500 \). What would the user pay for total medical costs of \( \$ 15,000 \) (the cost of having a baby)? \( \$ \) 6) For the \( \$ 2,000 \) deductible plan, the user pays \( \$ 1,400 \) in yearly fees, the \( \$ 2,000 \) deductible, and \( 20 \% \) of all medical costs over \( \$ 2,000 \). What would the user pay for total medical costs of \( \$ 15,000 \) (the cost of having a baby)?
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