Question 1 Find the interest earned on an investment of $10,000 into a money market account that pays a simple interest rate of 1.75% over a 39 week period. You can assume there are 52 weeks in the current financial year. Question 2 If you borrow $3,000 at 14% simple interest for 10 months, how much you will owe in 10 months? How much interest you will pay? Question 3 The Chief Executive Officer of Canada Tire forgot to pay the company's income tax of $725,896.15 on time. The Canada Revenue Agency (CRA) charged a penalty of 12.7% annual interest for the 34 days the tax money was late. You are required to calculate the TOTAL amount that must be paid. You can assume there are 365 days in the current financial year. Question 4 Which investment gives you a higher return: 9% compounded monthly or 9.1% compounded quarterly? Question 5 The distance between Brampton and East York is 270 miles. On a certain map, this distance is scaled down to 4.5 inches. If the distance between East York and Oshawa on the same map is 12 inches, what is the actual distance between East York and Oshawa? Question 6 The chance of a woman getting lung cancer in her lifetime is I out of 8. At this rate, how many women in the OAG 160 Essential Business Mathematics class of 32 women would be expected to come down with lung cancer in her lifetime? Question 7 Apple Inc.'s quality control department found an average of 5 defective models for every 1000 I-phone 13 that were inspected. If Apple Inc. manufactured 65,800 models in a year, how many of them would be expected to be defective? Question 8 The ratio of men to women students at St Clair's College is 6 to 5. How many women students are there if there are 5,590 men? Question 9 Find the distance between Ottawa and Quebec if they are 9 cm apart on a map that has a scale of 2 cm: 39 km. Question 10 Your instructor can read 22 pages of your recommended business statistics textbook in 30 minutes. How long would it take him to read a 100 page book? Write your answer in hours and minutes and round to the nearest minute, if needed.