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October 30, 2025, 06:05:15 pm
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Author Topic: Business Maths Question 7??  (Read 4351 times)  Share 

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jsimmo

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Business Maths Question 7??
« on: November 03, 2008, 07:34:42 pm »
I've asked this question in the other board but noone replied.

I have heard answers of A, B and C? I chose C only because the loan was being PAID OFF and hence it would in the reverse shape as if it was being PAID OUT? Ahhhh and I slightly took a guess as well haha..  but I think it is C yeah??

PS. I can't wait for itutes answers (they take forever)!! !
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plato

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Re: Business Maths Question 7??
« Reply #1 on: November 03, 2008, 08:59:09 pm »
Assuming each repayment is the same, then an increasing percentage of each repayment goes to pay off the principal. This means that the amount paid off must be incresing exponentially until 100% (or almost) of the final payment is for the Primcipal amount
Answer is B
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hilal

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Re: Business Maths Question 7??
« Reply #2 on: November 03, 2008, 10:04:04 pm »
i put C toooooooooooooooooooooooooo !
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vce01

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Re: Business Maths Question 7??
« Reply #3 on: November 03, 2008, 10:15:56 pm »
amount paid off increases with every payment because interest payable decreases. atleast thats my understanding - which means i selected b
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AQ

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Re: Business Maths Question 7??
« Reply #4 on: November 03, 2008, 10:58:53 pm »
its the last one,
as the loan is paid off,
the grpah slight decreases in a compounding form.

Dont forget it was asking a reducing balance.
Not simple interest,
ur paying the loan off, so the loan decreases.
answer E.
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AQ

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Re: Business Maths Question 7??
« Reply #5 on: November 03, 2008, 11:02:02 pm »
ahhhhhhhhhh
im fucken wrong.


fucken bullshit!!!!!!!
thats it, im not returning to this forum,
i dont want my good spirit to break by finding out my wrong answers.
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vce01

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Re: Business Maths Question 7??
« Reply #6 on: November 03, 2008, 11:03:08 pm »
its not asking for the effect on the loan though, its asking for the effect on the amount paid OFF

so its like,

$10 (loan) - $3 (repayment) = $7 (balance)

your interpretation is that its gone down from $10 to $7 but what the question is asking is for the amount paid off the 10 bucks ---> $0 to $3. therefore a positive slope, but increasing as the interest payable is reduced as time goes on.


edit: just read your second post, sorry lol
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jsimmo

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Re: Business Maths Question 7??
« Reply #7 on: November 03, 2008, 11:03:50 pm »
Quote from: AQ on November 03, 2008, 10:58:53 pm
its the last one,
as the loan is paid off,
the grpah slight decreases in a compounding form.

Dont forget it was asking a reducing balance.
Not simple interest,
ur paying the loan off, so the loan decreases.
answer E.

from what I understand it's not asking you for the reducing balance amount but the actual AMOUNT that is being PAID OFF.. hence the graph should be going upwards because the payments start at $0 and then increase.

also.. that is why VCAA bolded 'paid-off' to emphasise that it's the payments that they are talking about and not the actual principle
« Last Edit: November 03, 2008, 11:08:51 pm by jsimmo »
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vce01

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Re: Business Maths Question 7??
« Reply #8 on: November 03, 2008, 11:05:18 pm »
and to think i got Q9 in the module wrong after getting this one <--- idiott
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AQ

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Re: Business Maths Question 7??
« Reply #9 on: November 03, 2008, 11:09:06 pm »
ow well there's nothing i can do now,
i was so confident about business now that question with 3 others, great..
this subject fucken sucks, well thank god im in yr 11.

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AQ

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Re: Business Maths Question 7??
« Reply #10 on: November 03, 2008, 11:12:04 pm »
but its not clearly explaining it,
its saying amount paid off, so i thought the loan being paid off.
Bloody hellllllllll.
What a gay subject.
dude u can get higher in harder maths subject then further( when further is supposed to be easiest).

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vce01

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Re: Business Maths Question 7??
« Reply #11 on: November 03, 2008, 11:15:11 pm »
not if you did spesh this year. seems like everyone got fucked over, besides mao ofcourse.
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AQ

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Re: Business Maths Question 7??
« Reply #12 on: November 03, 2008, 11:16:40 pm »
Quote from: vce01 on November 03, 2008, 11:15:11 pm
not if you did spesh this year. seems like everyone got fucked over, besides mao ofcourse.

dude if everone got fucked over, the scores will be even more scaled up,
plus the 10+ add on,
think on the advantage side.
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mz_luvable_

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Re: Business Maths Question 7??
« Reply #13 on: November 04, 2008, 12:40:21 am »
hahahaha RECEP IVEDIK
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AQ

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Re: Business Maths Question 7??
« Reply #14 on: November 04, 2008, 12:41:42 am »
Quote from: mz_luvable_ on November 04, 2008, 12:40:21 am
hahahaha RECEP IVEDIK

heyyyyyyyyyyyy
another turk.
buahahahaah) = recep ivedik
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