Money + time - math problemsMoney or finance are an essential medium of exchange, a unit of account and store of value in modern society. Mathematical examples helps to get basic financial literacy.
Number of problems found: 89
Susan bought an oven in a paylite installment plan of Php 2,070 per month for six months. The payment is automatically debited from her credit card. What is the net debit on her card after six months from the installment plan alone?
- Worker salary
The worker had a salary of CZK 18,000. During the year, his salary was increased by a quarter. He earned a total of CZK 247,500 for the whole year. From which month was his salary increased?
- Six workers
Six workers earned a total of CZK 12,600 per week on the construction site (5 working days). How much do 7 workers earn in 10 days with the same daily average salary?
- Slow saving in banks
How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest?
The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua
- Penalty daily
John was to pay CZK 1,500. If he does not pay on time, he will be charged a penalty of 0.5 per mille of the amount owed for each day of delay. He will remember in 30 days. How much is the penalty?
- Corona virus
Calculate an estimate of the percentage of GDP (Gross Domestic Product) declined due to the quarantine related to the corona COVID-19 virus that lasts for 2 months, during which time the economic activity is down by 80%.
- Car down
Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
At the beginning of the year, Tomas had saved 230kc, after half a year even 590 CZK. How many crowns did he save each month when saving the same amount?
- Investment 2
Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi
- Tony works
Tony works as a welder for a construction company. His hourly wage is $15.51 and he works 40 hours per week. Tony gets a paid vacation each year. The construction company is doing well and has plenty of work for the next year. Tony can expect to work the
- A man 2
A man divides $10,000 into two investments, one at 10% and the other at 30%. Find how much is invested at each rate so that the two investments produce the same income annually.
- Phone plan
Victoria's cell phone plan costs $30.00 a month. If she used 12.5 hours in May, how much did Victoria pay per minute?
Monica left Php.900 to Bianca. When monica asked for it after 6 months, Bianca decided to give Php.945 instead because she was able to use the money. What interest rate on Monica's money was used by bianca?
- Fix + percentages
Mrs. Vargas is a car sales agent who earns Php.5,850 monthly plus a 4% commision on all her sales. During a month, she sold a car worth Php.740,000. How much is her total earnings?
- Deposit is pesos
Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?
- Price inflation
This year the average wage grew by 4.5%. Prices rose by 2%. How much did the real wage increase in the given year?
Michal has 2.90 per hour. How much does he earn during the week of the summer job?
- Paul earned
Paul earned 300 Kč in one hour, Václav 1/3 more than Paul. Václav worked 60 hours, which is 1/3 fewer hours than Paul worked. How many percents less earned Paul an hour than Václav? How many hours did Paul more than Václav? How much did Paul earn more tha
- Repay, interest, loan
Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
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