Time + money - practice problems - page 5 of 15
Number of problems found: 300
- Amanda
Amanda borrowed $5000 from two sources: her parents and a credit union. Her parents charged 3% simple interest and the credit union charged 6% simple interest. After one year, Amanda paid $225 in interest. How much did she borrow from her parents, and how - Melanie
Melanie invests a total of $21,500 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was $225 - Selling eggs
Mandy bought 24 trays of eggs. The tray contains 30 pieces. Each tray costs P130.00. He sold per piece for P8.00. But since 12 pieces are tiny, he decided to sell them for P7.00 only. Assume that Mandy incurred the operating expenses of P800.00 and an int - What amount
What amount of money will be required to repay a loan of $30000 on June 1, 2008? If the loan was made on September 1, 2001, at the interest rate of 14% compounded quarterly.
- Chocolates 72154
Adam and Andrej bought sweets. Adam paid € 2.9 for three chocolates and 2 bars, and Andrej paid € 4 for four chocolates and 3 bars. How much did the chocolate cost, and how much did the bar cost? - Deposit for house
The current house price is $300000, with prices increasing by 3% yearly. A buyer wishes to purchase the house in 5 years. The bank requires a 10%deposit on the price of the house in order to grant a loan. How much would the buyer need to deposit each quar - Mr. Cruz
Mr. Cruz borrowed 21,600 euros for three years at 16 2⁄3% compounded annually. At the same time, Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same interest rate. Who Pays more and how much? - Interest 71474
I will deposit CZK 1,500 into my savings account every month. After ten years, what will be in the account if the interest rate is 4%, the interest period is one month, and the interest tax is 15%? - Loan pay back
Imagine a situation a student got access to a student loan of about 1000000 naira to pay all his fees throughout his undergraduate studies without having an extra year. He is expected to pay back the money five years after securing a job, and it took him
- Today 2
Today only, a desk is being sold at a 72% discount. The sale price is $100.80. What was the price yesterday? - An account
Seth has $9,399 in an account. The interest rate is 4 17/20% compounded annually. To the nearest cent, how much will he have in 2 years? - Principal 67954
How long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros? - Compounded monthly
Find the compound amount if Php 150,000.00 is deposited in a bank paying 9% p.a. compounded monthly for three years. - MP3 player
Mary plans to buy a new MP3 player for 90 USD. And every month, the amount he saved in the previous month doubles. If she saves 3 USD in the first month, how many months will Mary save enough to buy an MP3 player?
- Interest 66484
The bank provides loans with an interest rate of 5% pa. How much interest will you pay if you borrow 5,000 euros for: A) 1 year B) 1/2 year C) 1/4 year D) 5 years? - Wendy
Wendy deposits R6500 into an account, paying 8% annual interest compounded monthly. How much money will be in her account after 84 months of paying 8% annual interest compounded continuously? - Interest 66024
How much do I have to save per month to save CZK 100,000 in 5 years if the interest rate is 4%, the interest period is one month, and the interest tax is 15%? - Investment
If an investor invests $2000 on January 1st, every year guarantees him 4% per annum. If the interest is calculated on December 31st, how much will the account be at the end of the 10th year? - Possibility 65535
The bank offers a term account with the possibility of early withdrawal with an interest rate of 1.85 percent pa. Milan put 2,500 euros on it on January 2. How many euros will he get if he withdraws the money after eight months?
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