ACT Math : Algebra

Study concepts, example questions & explanations for ACT Math

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Example Questions

Example Question #881 : Algebra

What is the result when ,, is rounded to the nearest thousand and then put in scientific notation? 

Possible Answers:

Correct answer:

Explanation:

First, when we round to the nearest thousand we get 5, 679, 000 since we round up when the next digit is greater than 5.

Then, to put it in scientific notation, we arrange the digits so that a decimal point creates a number between 1 and 10. We get 5.679.

Then, we want the exponent of the 10 to be the number of times the decimal needs to move to the right. This is 6 times.

Thus, we get our answer.  

 

Example Question #882 : Algebra

What is  in scientific notation? 

Possible Answers:

Correct answer:

Explanation:

In order to write a number in scientific notation, you must shift the number of decimal places to get a number in the ones place.

Since the original number is a decimal, the exponent will need to be negative. This eliminates three answer choices. 

In order to get  into scientific notation with '5' in the ones place, you must shift the decimal over seven places.

Therefore, the final answer in scientific notation is .

Example Question #181 : Exponents

Which of the following is equal to ?

Possible Answers:

Correct answer:

Explanation:

For this, you can handle the s separately from the coefficients.  The s easily cancel:

Now, handle the coefficients like they are a separate fraction:

Notice, though, that :

 

Now, you need to get this into scientific notation for your answer.  It is easiest ot think of it like this:

Example Question #12 : Other Exponents

Simplify .

Possible Answers:

Correct answer:

Explanation:

The easiest way to work with a large number like this is to combine the  factors and then the other coefficients. After that, you will have to convert the number into scientific notation to match the answer:

Combine the powers of :

Next, combine the other coefficients:

Now, rewrite the leading number like this:

Thus, you get:

Example Question #183 : Exponents

 is equal to which of the following?

Possible Answers:

Correct answer:

Explanation:

The easiest way to solve a question like this is to convert the answers all into easily comparable numbers. Remember that you move the decimal place to the left for negative powers of  and to the right for positive powers. Thus, for your number, you have:

Notice that the negative power has no influence on the sign of the number. This allows you to eliminate the negative options. The correct answer is:

When you move the decimal  places to the right, you also get:

Example Question #1 : Pattern Behaviors In Exponents

Ashley makes a bank deposit of  at  annual interest, compounded monthly. About how many years will it take her deposit to grow to ?

Possible Answers:

 years

 years

 years

 year

 years

Correct answer:

 years

Explanation:

The formula for compound interest is

where P is the principal (original) amount, r is the interest rate (in decimal form), n is the number of times per year the interest compounds, t is the time in years, and A is the final amount.

In this problem, we are solving for time, t. The given variables from the problem are:

Plugging these into the equation above, we get

This simplifies to

We can solve this by taking the natural log of both sides

 

Example Question #884 : Algebra

Alice wants to invest money such that in  years she has . The interest rate is  compounded quarterly. How much should she invest?

Possible Answers:

Correct answer:

Explanation:

The formula for compound interest is

where P is the principal (original) amount, r is the interest rate (in decimal form), n is the number of times per year the interest compounds, t is the time in years, and A is the final amount.

In this problem, we are solving for the principal, P. The given variables from the problem are:

Plugging these into the equation above, we get

Solving for P, we get

 

 

Example Question #1 : How To Find Compound Interest

A five-year bond is opened with  in it and an interest rate of %, compounded annually. This account is allowed to compound for five years. Which of the following most closely approximates the total amount in the account after that period of time?

Possible Answers:

Correct answer:

Explanation:

Each year, you can calculate your interest by multiplying the principle () by . For one year, this would be:

For two years, it would be:

, which is the same as 

Therefore, you can solve for a five year period by doing:

Using your calculator, you can expand the  into a series of multiplications. This gives you , which is closest to 

Example Question #883 : Algebra

If a cash deposit account is opened with  for a three year period at % interest compounded once annually, which of the following is closest to the positive difference between the interest accrued in the third year and the interest accrued in the second year?

Possible Answers:

Correct answer:

Explanation:

It is easiest to break this down into steps. For each year, you will multiply by  to calculate the new value. Therefore, let's make a chart:

After year 1: ; Total interest: 

After year 2: ; Let us round this to ; Total interest: 

After year 3: ; Let us round this to ; Total interest: 

Thus, the positive difference of the interest from the last period and the interest from the first period is: 

Example Question #2 : How To Find Compound Interest

If an account has interest compounded annually at a rate of , what is the balance of the account after  years of compounding if the initial balance is ? Round to the nearest cent.

Possible Answers:

Correct answer:

Explanation:

Recall that the equation for compounded interest (with annual compounding) is:

Where  is the balance,  is the rate of interest, and  is the number of years.

Thus, for our data, we need to know:

This is approximately .

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