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    $1000 is invested annually at 7.5% interest compounded annually for 10 years. [1] The value of the first $1000 investment after 10 years is approximately $2,200, and the total value of all investments is approximately $16,300. [2] A series of squares are constructed by joining the midpoints of each smaller square, forming a geometric sequence. [3] The common ratio is 0.5 and the sum of the areas of all the squares can be calculated.

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    progresiones 2

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    $1000 is invested annually at 7.5% interest compounded annually for 10 years. [1] The value of the first $1000 investment after 10 years is approximately $2,200, and the total value of all investments is approximately $16,300. [2] A series of squares are constructed by joining the midpoints of each smaller square, forming a geometric sequence. [3] The common ratio is 0.5 and the sum of the areas of all the squares can be calculated.

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    10 views3 pages

    Progresiones 2

    Uploaded by

    washoman
    $1000 is invested annually at 7.5% interest compounded annually for 10 years. [1] The value of the first $1000 investment after 10 years is approximately $2,200, and the total value of all investments is approximately $16,300. [2] A series of squares are constructed by joining the midpoints of each smaller square, forming a geometric sequence. [3] The common ratio is 0.5 and the sum of the areas of all the squares can be calculated.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    of 3

    1.

    $1000 is invested at the beginning of each year for 10 years. The rate of interest is fixed at 7.5% per annum. Interest is compounded annually. alculate! giving your ans"ers to the nearest dollar #a$ #b$ ho" much the first $1000 is "orth at the end of the ten years% the total value of the investments at the end of the ten years. Working:

    Answers& #a$ .................................................................. #b$ ..................................................................


    (Total 4 marks)

    2.

    The diagram sho"s a s'uare () * of side + cm. The midpoints ,! -! .! / of the sides are 0oined to form a second s'uare. ( )

    * #a$ #i$ #ii$ /ho" that ,- 1 2 2 cm. 3ind the area of ,-./.

    (3)

    The midpoints 4! 5! 6! 7 of the sides of ,-./ are no" 0oined to form a third s'uare as sho"n. ( 4 , 7 * / 6 5 . )

    #b$

    #i$ #ii$

    4rite do"n the area of the third s'uare! 4567. /ho" that the areas of () *! ,-./! and 4567 form a geometric se'uence. 3ind the common ratio of this se'uence.
    (3)

    The process of forming smaller and smaller s'uares #by 0oining the midpoints$ is continued indefinitely. #c$ #i$ #ii$ 3ind the area of the 11th s'uare. alculate the sum of the areas of all the s'uares.
    (4) (Total 10 marks)

    3.

    ( company offers its employees a choice of t"o salary schemes ( and ) over a period of 10 years. /cheme ( offers a starting salary of $11000 in the first year and then an annual increase of $+00 per year. #a$ #i$ #ii$ 4rite do"n the salary paid in the second year and in the third year. alculate the total #amount of$ salary paid over ten years. (3)

    /cheme ) offers a starting salary of $10000 dollars in the first year and then an annual increase of 7% of the previous year8s salary. #b$ #i$ #ii$ 4rite do"n the salary paid in the second year and in the third year. alculate the salary paid in the tenth year.
    (4)

    #c$

    (rturo "or9s for n complete years under scheme (. )ill "or9s for n complete years under scheme ). 3ind the minimum number of years so that the total earned by )ill exceeds the total earned by (rturo.
    (4) (Total 11 marks)

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