Money - high school - practice problems - page 5 of 17
Number of problems found: 338
- 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 it can manufacture for the next ten years. To encourage capital investments, the government exempts taxes on - 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 foundation growth 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 yearly for the next five years. Expenses are expected to include direct materials, direct labor, and factory overhead (exc - 6 plates
Six plates and 5 cups cost 37.50 dollars. Seven 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 price of 1 cup?
- Deposit
We deposited a total of $15,000 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 - The profit
The profit made by a business in 2018 was triple that made in 2019. The profit in 2020 was R 3 million less than the profit in 2019. If the total profit in these three 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 he repaid the loan monthly. The answer is: Note: APR is expressed as a percentage representing the actual yearly cost of funds over a loan 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 could attend 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
- An engineer
An engineer and five technicians on an oil rig earn $14208 per month, while three engineers and nine technicians earn $28800 per month. Find how much an engineer earns and how much a technician earns per month. - Saving in January
On the 1st of January, a student puts $10 in a box. On the 2nd, she puts $20 in the box, and so on, putting the same number of 10-dollars notes as the day of the month. How much money will be in the box if she keeps doing this for a) the first ten days of - Maturity value
IKEA Furniture can purchase furniture with a three-year simple interest loan at 8% interest per year. What is the maturity value of a 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. - Four bicycles
In the department store, they sell bicycles for families with children. Women's bicycles are 10% more expensive than men's, and children's bikes are a third cheaper than women's. The family paid a total of CZK 31,030 for two children's, one man's, and one
- Tailor's 40591
The tailor's salon bought 130 meters of fabric for € 1,037. The meter of the first fabric costs € 8.90, and the meter of the second fabric costs € 7.40. Thus, they bought 130 meters of fabric for € 1,037. - Saving for education
Suppose a couple invested Php 50 000 in an account when their child was born to prepare for a 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 doubled by the t - Children 39861
The parents have their 3 children at studies. They cost CZK 3,650 per month. Parents pay 350 CZK less per month for Libor than for Zdenek and 400 CZK more for Eva than for Zdenek. How many CZK per month will he pay for each of them? - You take
You take out Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years? - Tourists
Tourists hire a guide. Everyone will pay the same amount. If there are two fewer of them, they will pay 14 crowns more, and if there are three more, they will pay 14 crowns less. How many tourists are there and how much have the guides paid?
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