o Class Activity 4 Q1. Will you carn more interest in one year by depositing $2000 in a simple interest account that payx 6% or in an account that pays 5.9% interest compounded daily? How much more interest will you carn? Q2. You deposit $10,000 in an account that pays 4.5% interest compounded monthly. Find the future value after one year b. Use the future value formula for simple interest to determine the effective annual yield. Class Activity 4 Q3. Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. If rounding is required, round to the nearest tenth of a percent a) 5.6% compounded semiannually, b) 5.4% compounded daily Q4. What should be annual interest rate of an account that is compounded quarterly which returns $1200 interest amount when $6000 is invested in it for three years? Q5. We want to invest $15000 in an account compounded consciously. How long should the investment to have future vale of the account reaches $18000 if the annual rate on interest is 3.896? Class Activity 4 Q6. We have invested 51 5000 in an account compounded quarterly. After 6 years, the account balance is $21000. What should the annual interest rate of this account? Q7. A 150 grams of a radioactive gas is accumulated in a container. After 3 months, only 141 grams of the gas remains. What is the monthly rate of decay for this gas? What is the half-life of this gas in year? Q8. A fossil piece has been found in Alberta that contains 39% of C14 in it? What is the age of this fossil piece? Q. What is daily rate of decay for a radioactive medicine, used for cancer treatments, if its half-life is 18 days