Quiz 2         MAT 118, Spring 2003

1. The participants in a meeting are trying to decide what breakfast snack to have along with the coffee and tea at the morning break. After bickering for some time, they decide to use approval voting. The votes fall as follows:
• Three people approve of bagels, fruit, and muffins.
• Two people approve of bagels and donuts.
• Four people approve of donuts only.
• Two people approve of bagels and muffins.
• One person approves of Captain Crunch cereal.
Which snack should they offer, according to the approval voting method?

bagels fruit donuts muffinsCaptain Crunch

Solution: The group choice should be bagels.

There are 7 people who approve of bagels, 3 people for fruit, 5 people for muffins, 6 people for donuts, and one for Captain Crunch. Since the most people approve of bagels, that is the winner.

2. If , then

Solution: To solve this equation, we first want to get the by itself, so add 4 to both sides. This gives

Now take the of both sides, and simplify:

Now divide both sides by to get :

3. I borrowed $1000 for 9 months, agreeing to pay simple interest at a rate of 4% per year. If I borrowed the money on January 1, 2003, what is the total amount of money I need to pay on September 1, 2003? Solution: First, notice that I messed up the problem, somehow thinking that from January 1 to September 1 is 9 months, while it is only 8 months. So, I'll give the solution twice (and full credit if you used either 9 or 8 months). Note that the rate is 4% per year, but the time period is in months. That means we have to remember to convert months to years, and that 4% is the same as 0.04. Since the amount of interest is given as principalratetime, we have Since I have to pay back the original principal plus the interest, I must pay$1000 + $30, or a total of$1030.

Now, if the time period is 8 months instead of 9 as above, we have

Since I have to pay back the original principal plus the interest, I must pay $1000 +$26.66, or a total of \$1026.66.

Scott Sutherland 2003-02-11