Time + money - practice problems
Number of problems found: 300
- Monthly expenses
John's monthly expenses are analysed as follow: 1/8 for stationery, 1/3 for fuel, 1/6 for parking, and the rest for food. His total expenses is 4500. Calculate the rand value of the food expenses. - Robotics team
The 4 robotics team members held a car wash to raise money. To attract customers, each person held a sign by the road for an equal portion of the car wash, which lasted 3 hours in all. How long did each person hold the sign? - Kelly earning with overtime
Kelly earns $12 an hour. She works 40 hours a week with time and a half for overtime. Kelly worked 46 hours. How much did she earn? - Horseback riding
The total cost to go horseback riding is x dollars per hour plus a $2 fee for renting a helmet. Which expressions represent the cost, in dollars, for 4 people to go horseback riding for 3 hours each? Select all that apply. Responses: A = 4(3x+2) B = 3(4x+ - Veronica
Veronica walks dogs in her neighborhood for extra money during the summer. For each dog walk, she earns $5.25. On Monday, she completed 3 walks, and on Tuesday, she completed 2 walks. She estimates that to save up for a new purse that costs $86, she must - The sum 43
The sum of Rs. 820 will be divided among Ali, Fakhar, and Zahid according to the ratio 3 : 4 : 5. How much does each receive? - Value of the note
A 10-month promissory note issued on March 21, 2021, bearing interest of 7.2% p.a., has a maturity value of $4128.02. Find the face value of the note. - Hotel rooms 2
Waterside bed and breakfast has 10 rooms. On average, they sell 8 rooms. The rate is $45 per night, bed and breakfast, $65 per night. Calculate the yield. - Compound interest
Joel borrowed $3208.5 on November 2, 2021, at 3.6% p.a. How many days would it take for him to repay the loan if he made a payment of $ 3,720.34? Round up to the nearest day. - Mr. and Mrs.
Mr. and Mrs. Williams want to buy a boat that costs $18,520. Mr. Williams saved $850 each month for 7 months. Mrs. Williams saved $970 each month for 7 months. If they combine their money, how much will they have? Will they have enough money to buy the bo - The sum 41
The sum of 640.00 was deposited in the first bank for five years, and the interest given was 160.00. Find the rate. - Overdraft account
Many bank accounts never go below zero. However, some banks will allow a negative balance, at least for a short time, called an overdraft. It means someone has taken out, or 'drafted', more money than was in the account, to begin with. Hannah's account we - A tip
Determine a 20% tip for a dinner that costs $65.00. - A man 15
A man owns a piece of land worth 0.6 million. He taxed in 3/4 of its value at the rate of ₱7.00 per 1000. How much is he paying for the tax on his property? - Tax bill
What is the tax bill for a contractor if his shop has an assessed valuation of $75,000, and the tax rate is $27.50 per thousand dollars of assessed valuation? - The balance 2
If your balance at the end of 4 years is 50000, at a 5% interest rate, What was your original investment? - Years 3
How long will it take for a given sum of money to triple itself at 20% annual compound interest? - Flower shop
In a flower shop, a bunch containing 3 tulips, 2 roses, and 1 daffodil cost $10.79. A different bunch containing 1 tulip, 2 roses, and 3 daffodils costs $10.13. A tulip costs 35 cents more than a rose. How much does 1 tulip and 1 rose, and 1 daffodil cost - Joy deposited
Joy deposited the sum of 50,000 in her bank account. After 5 months, she made another deposit of 125,000 and 6 months a lap before the withdrawal of 12,000 nairas. If the interest rate is 5% per annual, calculate how much she should have in her account. - Eva 46
Eva works as a sales clerk. She is paid a salary of 3000 a week plus a 2% commission on sales over 4000. Find her gross pay for a week in which her sales are 9500.
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