Absolute Inequality Sequence Prize Loan Savings
1. **Problem b)** Given the inequality $|c - 10| + 12 > 18$, find the interval of $c$.
2. Start by isolating the absolute value term:
$$|c - 10| + 12 > 18$$
$$|c - 10| > 18 - 12$$
$$|c - 10| > 6$$
3. Recall that $|x| > a$ means $x > a$ or $x < -a$. So,
$$c - 10 > 6 \quad \text{or} \quad c - 10 < -6$$
4. Solve each inequality:
$$c > 16 \quad \text{or} \quad c < 4$$
5. Therefore, the solution interval is:
$$(-\infty, 4) \cup (16, \infty)$$
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6. **Problem 6a)** Write the first 4 terms of the sequence with nth term:
$$a_n = \frac{(-1)^{n-1}}{\sqrt{2n}}$$
7. Calculate each term:
- $a_1 = \frac{(-1)^{0}}{\sqrt{2 \times 1}} = \frac{1}{\sqrt{2}}$
- $a_2 = \frac{(-1)^{1}}{\sqrt{4}} = \frac{-1}{2}$
- $a_3 = \frac{(-1)^{2}}{\sqrt{6}} = \frac{1}{\sqrt{6}}$
- $a_4 = \frac{(-1)^{3}}{\sqrt{8}} = \frac{-1}{2\sqrt{2}}$
8. So, the first 4 terms are:
$$\frac{1}{\sqrt{2}}, -\frac{1}{2}, \frac{1}{\sqrt{6}}, -\frac{1}{2\sqrt{2}}$$
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9. **Problem 6b)** Prize money distribution:
- Total prize money = 10500
- Number of teams = 15
- First place prize = 1000
- Prize decreases by fixed amount $d$ each place
10. The prize money forms an arithmetic sequence:
$$a_1 = 1000, \quad n = 15, \quad S_n = 10500$$
11. Sum of arithmetic sequence:
$$S_n = \frac{n}{2} (2a_1 + (n-1)d)$$
12. Substitute known values:
$$10500 = \frac{15}{2} (2 \times 1000 + 14d)$$
$$10500 = 7.5 (2000 + 14d)$$
$$\frac{10500}{7.5} = 2000 + 14d$$
$$1400 = 2000 + 14d$$
13. Solve for $d$:
$$14d = 1400 - 2000 = -600$$
$$d = -\frac{600}{14} = -\frac{300}{7} \approx -42.86$$
14. The fixed decrease amount is approximately 42.86.
15. Find prize for 15th place:
$$a_{15} = a_1 + (15-1)d = 1000 + 14 \times (-42.86) = 1000 - 600 = 400$$
16. Find prize for 5th and 10th place:
$$a_5 = 1000 + 4 \times (-42.86) = 1000 - 171.44 = 828.56$$
$$a_{10} = 1000 + 9 \times (-42.86) = 1000 - 385.74 = 614.26$$
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17. **Problem 7a)** House loan problem:
- House cost = 345000
- Down payment = 10% of 345000 = 34500
- Loan amount = 345000 - 34500 = 310500
- Interest rate = 5% per year compounded monthly
- Loan term = 15 years
- Number of payments $n = 15 \times 12 = 180$
- Monthly interest rate $i = \frac{5\%}{12} = 0.0041667$
18. Monthly payment formula:
$$P = \frac{L i (1+i)^n}{(1+i)^n - 1}$$
19. Substitute values:
$$P = \frac{310500 \times 0.0041667 \times (1.0041667)^{180}}{(1.0041667)^{180} - 1}$$
20. Calculate:
$$(1.0041667)^{180} \approx 2.11383$$
$$P = \frac{310500 \times 0.0041667 \times 2.11383}{2.11383 - 1} = \frac{310500 \times 0.008807}{1.11383} \approx \frac{2734.5}{1.11383} = 2455.5$$
21. Monthly payment is approximately 2455.5.
22. **Problem 7a ii)** After missing first 17 payments, find amount to settle on 18th payment.
23. Calculate remaining loan balance after 17 payments:
$$B = L (1+i)^{17} - P \frac{(1+i)^{17} - 1}{i}$$
24. Calculate:
$$(1.0041667)^{17} \approx 1.0729$$
25. Substitute:
$$B = 310500 \times 1.0729 - 2455.5 \times \frac{1.0729 - 1}{0.0041667}$$
$$B = 333000 - 2455.5 \times 17.5 = 333000 - 42971 = 290029$$
26. The 18th payment to settle the loan is approximately 290029.
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27. **Problem 7b i)** Govind saves 300 every 3 months, interest 7.5% compounded quarterly for 9 years.
28. Number of quarters:
$$n = 9 \times 4 = 36$$
29. Interest rate per quarter:
$$i = \frac{7.5\%}{4} = 0.01875$$
30. Use future value of annuity formula:
$$A = P \frac{(1+i)^n - 1}{i}$$
31. Substitute:
$$A = 300 \times \frac{(1.01875)^{36} - 1}{0.01875}$$
32. Calculate:
$$(1.01875)^{36} \approx 1.938$$
33. So,
$$A = 300 \times \frac{1.938 - 1}{0.01875} = 300 \times 49.97 = 14991$$
34. Accumulated amount is approximately 14991.
35. **Problem 7b ii)** Find equivalent effective annual rate:
36. Effective annual rate formula:
$$r = (1 + i)^m - 1$$
where $i=0.01875$ quarterly rate, $m=4$ quarters per year.
37. Calculate:
$$r = (1.01875)^4 - 1 = 1.0776 - 1 = 0.0776$$
38. Equivalent effective annual rate is approximately 7.76%.