# Money - high school - practice problems

#### Number of problems found: 168

- Money spending

Albert and Peter have an amount of money. If Albert spent $6 and Peter did not spend any, then the ratio of Albert's money to Peter's money is 1:3 . If peter spent $6 and Albert did not spend any the ratio of Albert's money to Peter's money is 3:7.How muc - Double of principal

How long will it take for the principal to double at 12.25% annual interest? - Deposit in the bank

After the summer job, you saved € 800 in the bank. The interest rate is 4% p. a. Interest on the deposit is taxed at 15% withholding tax. How much can you withdraw after 3 months? - Monthly payments 2

Suppose you have selected a new car to purchase for $19,500. If the car can be financed over a period of 4 years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be? - Straight-line depreciation

Olsen Inc. Purchased a $580,000 machine to manufacture a specialty tap for electrical equipment. The tap is in high demand and Olsen can sell all that it could manufacture for the next 10 years. To encourage capital investments, the government exempts tax - The charity

Amy will donate up to $460 to charity. The money will be divided between two charities: the city youth fund and the educational growth foundation. Amy would like the amount donated to the educational growth foundation to be at least four times the amount - Railways 3

Railway Corporation wants to purchase a new machine for $360,000. Management predicts that the machine can produce sales of $220,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (exc - 6 plates

6 plates and 5 cups cost 37.50 dollars. 7 plates and 6 cups 44.10 dollars. Each plate costs the same amount as the other cup. What is the cost of 1 plate? What is the cost of 1 cup? - Deposit

Oh I total of $15,000 deposited into simple interest accounts the annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7% how much should be invested in each account so that the total interest earned is - The profit

The profit made by a business in 2018 was triple that made in 2019. The profit made in 2020 was R 3 million less than the profit made in 2019. If the total profit in these 3 years was R 67 million, what was the profit made in 2020? - Edmond

Edmond Santos borrowed USD 20,000 for 18 months at 6 1/2 % per year. Find the APR (Annual Percentage Rate) if the loan was repaid monthly. The answer is: Note: APR is expressed as a percentage that represents the actual yearly cost of funds over the term - Five years

Nakato Nobuki, a Japanese artist, wants to have $24,000.00 in his savings account at the end of five years. Mr. Nobuki deposits $1,500.00 annually into savings and has a balance of $8,000.00 today. What must the interest rate on the savings account be for - Future value investment

Poseidon deposited 2,747 golden drachmas in a Mount Olympus college savings account to ensure Percy can go to college. It pays 0.04 (percent in decimal form) annual interest. After 11 years, he withdraws the money. How much more money would he have if the - An engineer

An engineer and five technicians on an oil rig together earn $14208 per month, whilst three engineers and nine technicians together earn $28800 per month. Find how much an engineer and how much a technician earns per month. - Saving in January

On the 1st of January a students puts $10 in a box. On the 2nd she puts $20 in the box, and so on, putting the same number of 10-dollers notes as the day of the month. How much money will be in the box if she keeps doing this for a the first 10 days of Ja - Maturity value

IKEA Furniture’s can purchase furniture with 3 year simple interest loan at 8% interest per year. What is the maturity value of 3500 loan? - Exchange € 100

Find out how many ways you can exchange € 100 if you have an unlimited number of 50, 20, 10 and 5 euro banknotes. Use a method other than listing all options systematically. - In the

In the department store they sell bicycles for families with children. Women's bicycles are 10% more expensive than men's and children's bicycles are a third cheaper than women's bicycles. The family paid a total of CZK 31,030 for two children's, one men' - Saving for education

Suppose that a couple invested Php 50 000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be - You take

You take out Php 20 000 loan at 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after 10 years?

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Money - practice problems. Examples for secondary school students.