Using table 1,2 and 3. Solve the first questions
Styles Paragraph Using Table 13-1 for 2 years, a)s$5,735.64 b)$5,835.64 c)$5,527.55 d)$5,627.55 The price of a computer is $2,199.99. The loan is for 18 months. If a $300 down payment has been made, what is the monthly payments? a)$2.199.99 b)$105.56 c)$1,899.99 d)$10555 what is the ordinary interest paid on a $1,600 loan if the loan is for 90 days at a 13% interest rate? a)$52.50 b)$50.00 c)$53.00 d)$52.00 A pair of shorts is reduced to $54.99. If the markdown is 40%, what is the original price of the 1. Find the Future Value of $5,000 at 6% interest compounded semi-annually 2. 3, 4, shorts? a)$96.74 b)$101.43 c)$82.55 d)$91.65 Bob earns $18.59 per hour. What is his gross earnings if he worked 46 hours? Bob earns time 5. and a half for overtime work. A)$541.23 bj$167.31 $910.94 d)$743.60 A table is marked up 34% based on cost, if the 6. markup is $5.27, what is the cost of the table? a)$15.50 b)$17.75 c)$20.77 d)$22.77 Johnny checks for If he inspects 1,400 cans per day. Johnny works five days a week. What is his gross daily earnings? A)$1,050.00 b)$210.00 c)$1,470.00 d)$510.00 What is the rate of simple interest on a $1,200 loan that requires the barrower to repay a total of $1.302 after one year? A)8.2% b)8.5% c)9.5% d)8.0% George charges a TV that retails (cash price) for $469.00. The payments are for 12 months. The installment price is $503.00 with no down payment. What is the finance charge? A)$41.50 7. dented cans in a cannery factory. He receives $0.15 for each can he inspects. 8. 9. 10. Using Table 132 Find the compound interest on $2.500 at .75% interest compounded daily by 11, A TV stand sell for $385.00, what is the markup if the rate of markup is 45% based on the 12. Peggy Sue is single, earns $1,987.00 weekdy and claims 3 withholding allowances. What is her b)$41.92 c)$34.00 d)$31.00 the Leader Financial Bank for 20 days. A)$1.03 bi$10.30 c)$1.02 d)$6.31 selling price? A)$213.75 8)$203.75 c)$211.75 d)$173.25 taxable income (Use Figure 10-4), A)$1,767.76 b)$1,840.84 c)$1,913.92 d)$1,694.68 13. what is the simple interest on $500.00 invested at 4% annually for 3 years?a)S65.00 bis 6000 c)$40.00 d)s50.00 14. What is the APR on a loan of $1,600.00 for 24 months? The interest is $200.00. Use Table 12-1. A)11.75% b) 10.25% c)1 1.50% d) 11.00% 15. Using Table 13-3.-- Find the amount of money that needs to be invested in order to have 16. What is the rate of markdown based on the selling price of a TV that sells for $498.00 and is 17. Charlie is single and is paid seml-monthly. He earns $1,682.00 and has no withholding $1,500.00 in 3 years. You will receive 2.5% interest compounded annually. A)$1,259.35 b)$1, 19656 c)$1,403.78 d)si,392.90 marked down $ 142.00? a)28.5% b)2 7.4% c)2 5.5% d)20.5% allowances. How much federal tax does he owe? Use Figure 10-2. A)$174.00 )$230.00 C)$148.00 DI$235.00 18. Hove much money was borrowed at 12% annual interest for 6 months ir the interest was $90.007 A)$150.00 8)$1,500.00 c)$1,000.00 D)S500.00
