Questions from Business Mathematics


Q: What will be the maturity value after seven months of $2950

What will be the maturity value after seven months of $2950 earning interest at the rate of 4 1 2 % ?

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Q: A $2875.40 investment grew to $3000 after eight

A $2875.40 investment grew to $3000 after eight months. What annual rate of simple interest did it earn?

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Q: Marliss made a $780.82 purchase on her Visa card

Marliss made a $780.82 purchase on her Visa card. Including 45 days’ interest, the amount billed on her credit card was $798.63. What annual interest rate does her card charge?

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Q: The amount required to settle a $680 debt after 300 days

The amount required to settle a $680 debt after 300 days was $730.30. What rate of interest was charged on the debt?

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Q: Express decimal and percent equivalent forms to five-figure accuracy.

Express decimal and percent equivalent forms to five-figure accuracy. 47 20

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Q: Janesh has savings of $9625.63. If he can

Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it take for the investment to grow to $9,800?

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Q: The amount required to pay off a $3500 loan at 8

The amount required to pay off a $3500 loan at 8.4% was $3646.60. What was the term (in days) of the loan?

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Q: A $7760 investment earning 6 1 4 % matured at $

A $7760 investment earning 6 1 4 % matured at $8083.33. What was the term (in months) of the investment?

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Q: The interest rate on an $859.50 debt was 10

The interest rate on an $859.50 debt was 10 1 4 % . For how many months was the loan outstanding if it was settled with a payment of $907.22?

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Q: Judith received the proceeds from an inheritance on March 25. She

Judith received the proceeds from an inheritance on March 25. She wants to set aside enough on March 26 so that she will have $20,000 available on October 1 to purchase a car when the new models are i...

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