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Hints and answers for the final exam of math 111 course in autumn 2007. It covers various problems related to economics, kinematics, and finance, including calculating the cost, revenue, and height of different quantities, as well as finding the time and interest rate for certain financial situations.
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MATH 111 – FINAL EXAM Hints and Answers Autumn 2007
(b) HINT: Set T R(q) − T C(q) = 100 and solve for q. ANSWER: q =
100 + f p − c Pies (c) HINT: Use your answer to part (b). ANSWER: q = 140 Pies
(c) HINT: Use the fact that A(10) = P (1.02)^10 = 1234 to compute P. Then use the value of P that you find to compute A(8.5) and A(7) and subtract those two balences. ANSWER: $35.
(b) A: $18,000; B: $19,346.77; C: $19,251.43; B is best (c) ANSWER: 6.77%
( 1 + 0.^0984
) 4 t = 1500000. ANSWER: 35.13 years (c) HINT: Solve for r: 50000
( 1 + 12 r
) 12 · 40 = 2000000. ANSWER: 9.26%