Financial Math Answers

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

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?

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

A coffee shop owner blends a gourmet brand of coffee with a cheaper brand. The gourmet coffee usually

sells for R420,00 per kilogram. The cheaper brand sells for R180,00 per kilogram. How much of each type

should be mixed in order to have 30 kilograms of coffee that is worth R240,00 per kilogram?

Choose the correct sentence:

[1] Three quarters of the mass should be from the cheaper brand.

[2] He should order 7,50 kg of the cheaper brand.

[3] A third of the mass should be from the gourmet brand.

[4] He should order 6,14 kg of the gourmet brand.

Suppose we have birr 36 to spend on pork and chicken. If we buy p pounds of pork at birr 3per pound and C pounds of chicken at birr 2 per pound