Time + money - practice problems - page 8 of 16
Number of problems found: 301
- Governments 41931
Father put €600 in a bank that pays government interest at a rate of 3%p. A. Grandfather put €610 in a bank that will make governments at a rate of 2%p. A. Which will have more money if they withdraw from the bank after one year? - 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 - A worker
A worker who worked 32.5 hours in a week earned 500 euros. On average, how many euros did he earn per hour? - 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?
- Thirty-six 40921
Thirty-six women earned € 2,640 in 5 days during the strawberry harvest. How much € 24 will women earn in 8 days under the same conditions? - Determine
Determine the salary of a part-time worker if the employer deducted (taxes etc.) 840 eur from him, which was 6/50 of his salary. - 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 - Two years
Roy deposited 50,000.00 into his account, paying 4% annual interest compounded semi-annually. How much is the interest after two years? - Headphones
Charlie is saving money to buy a pair of headphones for $225. He has $37 so far, and he can save $15 per week. In how many weeks will he have enough money to buy the headphones?
- Annual interest
A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Interest rate
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship). - Depreciated 37171
The initial price of the machine is 23,000 euros. Every year, 12% of its cost is depreciated due to wear and tear. What value will the machine have after six years? - How much 2
How much money would you need to deposit today at 5% annual interest compounded monthly to have $2000 in the account after nine years? - If you 4
If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account?
- Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound? - If you 2
If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account? - Compound Interest
If you deposit $6000 in an account paying 6.5% annual interest compounded quarterly, how long until there is $12600 in the account? - Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Savings
Suppose on your 21st birthday you begin making monthly payments of $500 into an account that pays 8% compounded monthly. If you continue the payments until your 51st birthday (30 years), How much money is in your account? How much of it is interesting? Sh
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