Q1. A sum of $ 46,875 was lent out at SI and at the end of 1year 8 months the total amount was $50,000. Find the rate percent per annum.

Q2. Find the maturity value of an interest-bearing promissory note that matures in 160 days. The face value of the note is $1560, and the stated interest rate is 7%.

Q3. Sonia invested $ 70,000 in a bank @ 6.5% p.a. SI. He received $ 85,925 after the end of term. Find out the period for which sum was invested by Sonia.

Q4. Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Q5. A secured line of credit: a) is backed up by pledged assets b) is not backed up by pledge assets c) has a higher interest rate than an unsecured line of credit d) has a lower limit than an unsecured line of credit

Q6. What is the due date of a $1300, five-month note with interest at 7% dated February 3, 2017?

Q7. A 91-day Canada T-bill with a face value of $10,000 yields an annual rate of return of 3.15%. If the T-bill was issued March 1, 2017, what is the maturity date?

Q8. Last week Dana worked 46 hours. For the regular workweek of 40 hours she is paid $12.40 per hour, and for every hour over 40 hours she is paid at time and one-half regular pay. How much did she earn last week?

Q9. A house has following expenses per annum- 10% goes to Education, 25.5% goes to grocery and 35% goes to other expenditure. If income of the house is $95000, what is the savings per annum of the household?

Q10. Evaluate:

268/4400*156/366