ID:_____________ Name:__________________________________ MATH 168 Module 5 Practice Test Write your answers in the spaces provided. All questions are of equal value. 1. Simplify (6u 6 v10 ) 4 8 13 3 (12u v ) . 2. Solve the equation 8 10n 28 , giving your answer correct to 4 significant figures. 3. Solve the equation 12t 9 20 correct to 3 decimal places. 4. An obsessive gambler borrows $3,000 from a loan shark at an interest rate of 19% per month. What is the equivalent annual interest rate? 5. A radio-active isotope has a half-life of 6 hours. If you start with 512mg of this material, how much will remain 3 days later? 6. Solve the equation 4t 3 12 . 7. If $ is invested for years at 4.97% interest, payable annually, how much will be available when the investment matures? 8. Oil-drilling equipment is purchased for $12.6 million. For the purposes of annual accounts, its value is depreciated by 15.7% each year. What will its nominal value be after 8 years? 9. Write the identity log (625) 4 in index form. 5 10. I invest $35,500in shares. Over 5 years, it grows to $74,800.What is the annual rate of return? 11. If $8,750 is invested at an annual rate of return of 5.9%, how long will it take this investment to grow to be worth $20,000? 12. The number of bacteria in a culture increases by 15% every 2 hours. If there is an estimated 60,000 now, how long ago was there just one bacterium? 13. I invest $30,000 in shares. I make a 28% profit in my first year, and a 22% loss in my second year. I then cash out my position. How much money will I have? 14. The value of a company has been growing by 25% per year. Its value is now $64 million. When was it valued at $30 million? 15. Evaluate log (9999) correct to 4 significant figures. 9 Formulae Growth/Decay , where Change of base initial ‘amount’
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