document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=359252>Question 359252</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mock Questions for Class Test 1\r<BR>\n" );
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document.write( "An investment account offers an interest rate of 6% per annum compounded half yearly. Assuming a single deposit of money is placed in this investment account:\r<BR>\n" );
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document.write( "i)	How much money must be invested now in order for the account to contain £45000 after 5 years?<BR>\n" );
document.write( "ii)	What would be the final amount of investment if £29000 is invested for 7 years?<BR>\n" );
document.write( "iii)	How long would it take for £29000 to amount to £68000, assuming that £1000 is withdrawn at the end of first year and thereafter no further withdrawals are made?\r<BR>\n" );
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document.write( "(£33484, £43865, 15 years)<BR>\n" );
document.write( "A firm annual fixed cost of production is £7200. The annual variable costs of the production are £60 per unit of output plus £2 per square unit of output. The product is sold at a constant price of £320 per unit. Calculate the breakeven levels of production.\r<BR>\n" );
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document.write( "(40 or 90)\r<BR>\n" );
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document.write( "A man wishes to repay a debt of £4,000 by paying a fixed sum of £80 per month to reduce the debt, together with a payment of 1% interest for that month indebtedness. Make out a schedule of repayment and Find the total amount of interest paid until the debt is completely discharged.\r<BR>\n" );
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document.write( "(£1020)\r<BR>\n" );
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document.write( "In a large group of invoices, 30% had a value greater than £50. A random sample of 3 invoices was taken determine the probability that:\r<BR>\n" );
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document.write( "(i)	All of the three invoices had an invoice value greater £50.\r<BR>\n" );
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document.write( "(ii)	At least 2 had an invoice value greater than £50.\r<BR>\n" );
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document.write( "(iii)	None of the three invoices had an invoice value greater than £50.\r<BR>\n" );
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document.write( "(0.027, 0.216, 0.343)<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #256414 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=256414\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 45000=x(1+0.06/2)^5*2<BR>\n" );
document.write( "45000=1.3439x<BR>\n" );
document.write( "x=33485.00 </SPAN>\n" );
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