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Pamela borrows an amount of money for emergency house repairs. The interest on the loan is compounded
quarterly. After four years the debt accumulated by R7 980,00 to the amount of R32 923,00. The yearly
interest rate, expressed as a percentage and rounded to two decimal places, at which the money was borrowed,
is
When his son was three years old, Vuyisanani made a deposit of R16 200,00 in the bank. The investment
grew at a simple interest rate and when Vuyisanani’s son was 22 years old, the value of the investment was
R46 980,00. Had the interest been 1,25% less, how much interest would he have lost?
[1] R3 847,50
[2] R26 932,50
[3] R19 338,68
[4] R4 455,00
Pamela borrows an amount of money for emergency house repairs. The interest on the loan is compounded
quarterly. After four years the debt accumulated by R7 980,00 to the amount of R32 923,00. The yearly
interest rate, expressed as a percentage and rounded to two decimal places, at which the money was borrowed,
is
[1] 1,75%.
[2] 8,00%.
[3] 9,26%.
[4] 7,00%
An amount of money is invested at 8% interest per year, compounded quarterly. After a number of years, the
accumulated amount in the account is R7 365,00. The investment earned R2 000,00 interest in this period.
If the accumulated amount is left in the account (the interest rate remains the same) for another period that
is one year longer than the first period, the accumulated amount in the account will then be
[1] R10 312,78
[2] R29 363,56
[3] R10 944,00
[4] R10 699,8
At cryptobank a $100,000 loan for one year has a quoted interest rate of 10.50% payable annually but with a compensating balance of 20%. At Mo bank a $100,000 discount loan has a quoted interest rate of 7.90%payable annually. The loan at Mo bank is _____ per year cheaper than at cryptobank
the demand function Q(P) and cost functions C(Q) of a company's are give by the equations:
Q=12000-60P
C(Q0=10000-4Q
where P and Q are the price and quantity, respectively.
What is the company's profit function?
You are considering an annuity which would offer payments $ 5000 at the end of every three months for 20 years. Interest is compounded quarterly at a nominal rate of 8.8%. Which of the changes would increase the amount that you would pay for this annuity today?
An amount of money is invested at 8% interest per year, compounded quarterly. After a number of years, the
accumulated amount in the account is R7 365,00. The investment earned R2 000,00 interest in this period.
If the accumulated amount is left in the account (the interest rate remains the same) for another period that
is one year longer than the first period, the accumulated amount in the account will then be
A sum of R8 000,00 is lent in the beginning of a year at a certain simple rate of interest. After eight months,
in a different loan, a sum of R1 164,00 more is lent but at the simple interest rate twice the former. At the
end of the year, R903,00 is earned as simple interest from both the loans. The original simple yearly rate of
interest, rounded to two decimal places, is
Pamela borrows an amount of money for emergency house repairs. The interest on the loan is compounded
quarterly. After four years the debt accumulated by R7 980,00 to the amount of R32 923,00. The yearly
interest rate, expressed as a percentage and rounded to two decimal places, at which the money was borrowed,
is
#340153 on Dec 2023