Money - high school - practice problems - page 3 of 17
Number of problems found: 338
- Mr. Erel
Mr. Erel earns 12% compounded quarterly. He projected to collect Ᵽ500,000 after ten years. What is the amount he needs to invest? - Melanie
Melanie invests a total of $21,500 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was $225 - What amount
What amount of money will be required to repay a loan of $30000 on June 1, 2008? If the loan was made on September 1, 2001, at the interest rate of 14% compounded quarterly. - A person
A person buys 10 kg of commodity A at a rate of 2 kg per dollar, 20 kg of commodity b at a rate of 5 kilograms per dollar, and 30 kg of commodity C at a rate of 10 kg per dollar. Find the average price of kg per dollar. - Chocolates 72154
Adam and Andrej bought sweets. Adam paid € 2.9 for three chocolates and 2 bars, and Andrej paid € 4 for four chocolates and 3 bars. How much did the chocolate cost, and how much did the bar cost? - Deposit for house
The current house price is $300000, with prices increasing by 3% yearly. A buyer wishes to purchase the house in 5 years. The bank requires a 10%deposit on the price of the house in order to grant a loan. How much would the buyer need to deposit each quar - Mr. Cruz
Mr. Cruz borrowed 21,600 euros for three years at 16 2⁄3% compounded annually. At the same time, Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same interest rate. Who Pays more and how much? - Interest 71474
I will deposit CZK 1,500 into my savings account every month. After ten years, what will be in the account if the interest rate is 4%, the interest period is one month, and the interest tax is 15%? - Loan pay back
Imagine a situation a student got access to a student loan of about 1000000 naira to pay all his fees throughout his undergraduate studies without having an extra year. He is expected to pay back the money five years after securing a job, and it took him - Apples and bananas
If you pay $11 for one apple and nine bananas and $7 for three apples and one banana, how much do an apple and banana cost? - Shopping trips
Luke bought some fresh produce. He picked up two oranges and three bananas. The cost of Luke's shopping was $18. Georgia also went to the same shop and bought five oranges and seven bananas. The cost of Georgia's shopping was $44. Write and solve a system - An account
Seth has $9,399 in an account. The interest rate is 4 17/20% compounded annually. To the nearest cent, how much will he have in 2 years? - Assume
Assume that you are to buy 5-peso worth of candy in two different stores. In your coin purse that contains two 20-peso coins, three 10-peso coins, six 5-peso coins, and seven 1-peso coins, what is the probability of getting two consecutive 5-peso coins fr - Mr. Ofori
Mr. Ofori starts a job with an annual salary of 6400, which increases by 240 every year. After working for eight years, Mr. Ofori was promoted to a new post with an annual salary of 9500, which increased by 360 every year. Find I. Mr. Ofori's salary in th - Circulation 69814
The economy's money is 600 PJ (monetary units). The proportion of cash is 5%. All cash is in circulation, and none is hoarded. The optimal reserve ratio is 12%. Calculate the money multiplier - VAT example
The following data were provided by Halo Mango Delight, a VAT taxpayer, for October, November, and December 2021 (VAT excluded): Compute the Value added tax of the store for the 4th Quarter of 2021. (Show computation in solving the problem). VAT ratio = 1 - Shortening 68624
The shirt price was reduced by 10% of the original price k. On the other hand, the price of the suit was increased by 5% of the original price p due to the shortening of the legs. Depending on the variables k, and p, express the total cost of the two shir - Principal 67954
How long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros? - Compounded monthly
Find the compound amount if Php 150,000.00 is deposited in a bank paying 9% p.a. compounded monthly for three years. - Deposited 66604
The parents deposited Vierka's daughter in an account of 2,000 euros at an annual interest rate of 2%. How many euros will be in the account in a year if the bank adds interest?
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