Science:Math Exam Resources/Courses/MATH104/December 2010/Question 01 (c)

From UBC Wiki


MATH104 December 2010

  •  Q1 (a)  •  Q1 (b)  •  Q1 (c)  •  Q1 (d)  •  Q1 (e)  •  Q1 (f)  •  Q1 (g)  •  Q1 (h)  •  Q1 (i)  •  Q1 (j)  •  Q1 (k)  •  Q1 (l)  •  Q1 (m)  •  Q1 (n)  •  Q2 (a)  •  Q2 (b)  •  Q3  •  Q4  •  Q5  •  Q6  •  

   Other MATH104 Exams
  •  December 2014  •  December 2011  •  December 2010  •  December 2012  •  December 2013  •  December 2015  •  December 2016  •  

Question 01 (c)

How many years will it take for $10 000 to grow to $12 000 if it is invested at 12% annual interest compounded quarterly? You may leave your answer in calculator-ready form.

Make sure you understand the problem fully: What is the question asking you to do? Are there specific conditions or constraints that you should take note of? How will you know if your answer is correct from your work only? Can you rephrase the question in your own words in a way that makes sense to you?

If you are stuck, check the hints below. Read the first one and consider it for a while. Does it give you a new idea on how to approach the problem? If so, try it! If after a while you are still stuck, go for the next hint.



Checking a solution serves two purposes: helping you if, after having used all the hints, you still are stuck on the problem; or if you have solved the problem and would like to check your work.

  • If you are stuck on a problem: Read the solution slowly and as soon as you feel you could finish the problem on your own, hide it and work on the problem. Come back later to the solution if you are stuck or if you want to check your work.
  • If you want to check your work: Don't only focus on the answer, problems are mostly marked for the work you do, make sure you understand all the steps that were required to complete the problem and see if you made mistakes or forgot some aspects. Your goal is to check that your mental process was correct, not only the result.




Click here for similar questions
MER QGH flag, MER QGQ flag, MER QGS flag, MER RT flag, MER Tag Continuous compound interest, Pages that use a deprecated format of the math tags, Pages using DynamicPageList3 parser function, Pages using DynamicPageList3 parser tag
lightbulb image
Math Learning Centre
  • A space to study math together.
  • Free math graduate and undergraduate TA support.
  • Mon - Fri: 12 pm - 5 pm in LSK 301&302 and 5 pm - 7 pm online.

Private tutor