Questions from Business Mathematics


Q: Clone Computers assembles and packages personal computer systems from brand-name

Clone Computers assembles and packages personal computer systems from brand-name components. Its Home Office PC system is assembled from components costing $1400 per system and sells for $2000. Labour...

See Answer

Q: Huntsville Office Supplies (HOS) is evaluating the profitability of leasing

Huntsville Office Supplies (HOS) is evaluating the profitability of leasing a photocopier for its customers to use on a self-serve basis at 10ยข per copy. The copier may be leased for $300 per month pl...

See Answer

Q: Jordan is developing a business plan for a residential building inspection service

Jordan is developing a business plan for a residential building inspection service he may start. Rent and utilities for an office would cost $1000 per month. The fixed costs for a vehicle would be $45...

See Answer

Q: A small manufacturing operation can produce up to 250 units per week

A small manufacturing operation can produce up to 250 units per week of a product that it sells for $20 per unit. The variable cost per unit is $12, and the fixed cost per week is $1200. 1. How many u...

See Answer

Q: How much interest was paid on a $1500 loan for seven

How much interest was paid on a $1500 loan for seven months at an annual interest rate of 4.5%?

See Answer

Q: An invoice states that interest will be charged on overdue accounts at

An invoice states that interest will be charged on overdue accounts at the rate of 1 1 2 % per month. What will the interest charges be on a $3760 billing that is three months overdue?

See Answer

Q: The interest owed on a loan after five months was $292

The interest owed on a loan after five months was $292.50. If the simple interest rate charged on the loan was 0.9% per month, what was the amount borrowed?

See Answer

Q: How much must be placed in a five-month term deposit

How much must be placed in a five-month term deposit earning 4.3% simple interest in order to earn $500 interest?

See Answer

Q: A five-month term deposit of $10,000 at

A five-month term deposit of $10,000 at Scotiabank earned $175 in interest. What annual rate of simple interest did the deposit earn?

See Answer

Q: Indira paid interest charges of $169.05 on a $

Indira paid interest charges of $169.05 on a $4830 invoice that was two months overdue. What monthly rate of simple interest was she charged?

See Answer