Math 105 Unit 1 Review

1. Define the following terms:

a. Function
b. Interpolation
c. Extrapolation
d. Linear function
e. Exponential function
f. Scatterplot
g. Trend line
h. Annuity
i. Equity
j. CPI and Inflation
2. The following table shows the population (in millions) of greater New York City
in the given year. What is the percent change from 1900 to 1920?
Date
1900 1920 1940 1960 1980 2000
Population 3.44 5.62 7.46 7.78 7.07 8.01
(in millions)
3. My salary in 2005 was $48,000. I got a 3% raise each year. Find a formula
that gives my salary as a function of the time since 2005.
4. What is the maximum value of the function x2 + 10x + 60?
5. The following table shows the percentage of U.S. college freshmen in the
given year who believed abortion should be legal.
Year
1996 2000 2004 2008 2012
Percentage 56.3 53.9 53.9 58.2 61.1

6.

7.
8.

9.

What is the average growth rate from 1996 to 2000 in the percentage of
college freshmen who believed that abortion should be legal?
Suppose you invest $10,000 in a savings account at an APR of 5%. If the
interest is compounded monthly, what is the balance in the account after 5
years?
You borrow $18,000 with a term of four years at an APR of 5% to buy a truck.
What is your monthly payment? How much total interest is paid?
You want to save $20,000 for a down payment on a home by making regular
monthly deposits over five years. Take the APR to be 6%. How much money
do you need to deposit each month?
A farmer wants to enclose a rectangular garden with 200 feet of fencing.
What is the largest possible area of the garden?