MATH 105 Quiz: MATH 105 KU 105 Quiz 12 ans
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This take-home part of midterm exam is worth 60 points and is due in class wednesday, march 11th, 2015. March 11th will not be accepted: be sure to write your answers neatly, precisely, and with complete sentences. You may use notes and handed out materials, but no outside help. sheets. You may not supply your own (blank) sheet. Print o one entire set of this exam. In problem [i] below we work on a model where one can divide any dollar amount by any large number (cid:0)integer(cid:1). So, one-third of a dollar is never the same as 33 cents (cid:0)because 33 cents is one-third of 99 cents(cid:1). You open a bank account, deposit a dollar in that account. (1) your bank o ers 100 percent interest annually. Suppose your bank o ers a compound interest with 100 percent rate annually. (2a) Suppose the compounding takes place ve times annually.
