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Final Exam: Mbf3C - Foundations For College Mathematics
Final Exam: Mbf3C - Foundations For College Mathematics
FINAL EXAM
MBF3C – FOUNDATIONS FOR COLLEGE MATHEMATICS
K I C A Weighted Avg.
Communication marks also awarded for overall illustration of process and working
7. If you need $20,000 in 5 years time, how much would you need to save
now if it compounded yearly at 3% interest? [ A 3]
8. If a credit card charges 18% per year, use the monthly interest rate to
calculate the first month’s end charge on an initial purchase of $500. [ A 3]
Name _____________________Date____________________
9.
The sticker price on a new car is $24,000. If it is be paid off with a finance
plan of 3% interest per year over 5 years, the monthly payment is $431.
I) When the plan has been completed, how much excess in interest has the
customer paid? [ App,3 ]
iii) If this new car depreciates at a rate of about 10% a year, what is its value
after 10 years? [ K3]
Name _____________________Date____________________
10. Use the net below to construct a scaled 3-d diagram that is exactly twice as
large. [ App,4]
11. Calculate the distance between the buildings using the satellite
information [ K4]
Name _____________________Date____________________
15. Describe how you would conduct a stratified sample of your school
population, as opposed to a clustered sample [C3]. Explain the advantages
and disadvantages of each method [ Inquiry,4]
Name _____________________Date____________________
16. A factory samples their production line and finds that the average standard
deviation of their product is high. Is this desirable or not? Why? [ Inquiry,4]