, I see what you mean now. What about this: 2) Interest from year 1 = x * 0.02 (assume x < 1000), let the total $ in the bank at the end of year 2 = x2 and the total at the end of year 3 = x3 | year 2 | total interest at 2nd year end | year 3 | total interest at 3rd year end | total interest from 2% | total interest from 2.5% | 1 | x2 < 1000 | x * 1.02 * 1.02 – x | x3 > 1000 | x * 1.02 * 1.02 * 1.025 - x | 0.04x | 0.066x – 0.04x = 0.026x < 0.04x | 2 | x2 > 1000 | x * 1.02 * 1.025 - x | x3 > 1000 | x * 1.02 * 1.025 * 1.025 - x | 0.02x | 0.071x – 0.02x = 0.051x > 0.04x |
Now let's look at condition 1) If interest from 2% is $65, then both case 1 and 2 are invalid (x > 1000). => invalid condition? If interest from 2.5% is $25, then it's also an invalid condition: case 1: 0.026x = 25 => x = $960 (invalid) => x3 < 1000 and case 2: 0.051x = 25 => x = $490 (invalid) => x3 < 1000 If interest from 2% is $25, then: case 1: 0.04x = 25 => x = $625 (valid) => we know that interest from 2.5% < interest from 2% case 2: 0.02x = 25 => x = $1250 (invalid, we assumed x, the principal, to be less than 1000 at the beginning of the first year) answer C (only interest from 2% is $25 is a valid condition) Note, (1+n%)^m 约等于 (1+n%*m), based on Taylor's Expansion (for (1 + alpha)^x, when alpha is reasonably small, the value is approximately 1 + alpha*x). This should save you some time on the test even if it says interest compounded daily/month/whatever. In case the numbers are different, you can calculate the interest as compounded annually even if it says compounded several times during the year. Simple interest: interest = principal * annual interest rate * num of years Interst compounded annually: interest = principal * (1 + annual interest rate) ^ number of years - principal Interst compounded several times during the year: interest = principal * (1 + annual interest rate / num of times interest is compounded) ^ (num of times interest is compounded * num of years) - principal
[此贴子已经被作者于2006-6-16 22:18:16编辑过] |