Asante invested his $1000 in his account five years ago. The account yields interest of 20% per annum. How much is in the account now? • A. $2450 О B. $2400 О C. $2488 O D. $2300
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Asante invested his $1000 in his account five years ago. The account yields interest of 20% per annum. How much is in the account now?
• A. $2450
О B. $2400
О C. $2488
O D. $2300
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- Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money had accumulated to 6539.96 Rials. What was the annual interest rate? Select one: О а. 0.287% оь 0.045% O. 2.87% O d. 14.3% O e. 4.57% O f. 4.5% O g. 0.0457% O h. 5.74%Suppose you borrowed $20,000 at a rate of 9.2% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $16,000.00 O b. $17,106.89 Oc. $14,831.44 O d. $16,671.44 Oe. $15,266.89Suppose you borrowed $3,000 at a rate of 8.8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? a. $921.94 b. $657.94 c. $1,014.00 d. $847.38 e. $1,050.94
- Jack opened an account 15 years ago and deposited $12,000 into it. The account now has $20,000 in it. What is the annual interest rate if the account compounds annually? 5% 3.5% 10% 2.5%1. Five years ago, a man invested P 80,000 at 5% compounded semi-annually. How much is his money now? a. 92,406.76 b. 98,495.87 c. 102,102.53 d. 102,406.76 2. Mr. Lopez deposited P 120,000 in the bank. How many months did he deposit the money to earn an interest of P 12,000 at 10% rate? a. 1 b. 6 c. 10 d. 12 3. If an investment of P 125,000 accumulates to P 238,000 in 10 years, what is the interest rate? a. 5.04% b. 5.25% c. 7.69% d. 9.04% 4. Two employees, C and D, are to be compared based on their daily routine of work. Employee C can finish his job with an average of 1.35 hours and a standard deviation of 0.09 hour, whereas Employee D can finish the job with an average of 2.7 hours and a standard deviation of 0.04 hour. Who is the more consistent employee? a. Employee C b. Employee 5. Having a balance of P 6,000 in his previous billing statement posted on March 1, Mr. Richards made a purchase of P 25,000 on March 8, and another purchase in the amount of P 10,000 on March 17.…2(a) Assume your uncle died one year ago and had left you the money in his saving account at that date. His deposit was PKR 550,000 made 16 years ago. This savings account had paid 13% compounded annually. How much money was in the account last year?
- Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money had accumulated to 6539.96 Rials. What was the annual interest rate? of estion Select one: O a. 2.87% O b. 4.57% O c. 5.74% O d. 14.3% O e. 4.5% O f. 0.0457% g. 0.045% O h. 0.287% ENG INTLMr. X will retire at the age of 60 years. He wishes to have an amount of S200,000 in his account at the time of retirement. Currently he is of the age of 40 years and has an amoun of S25,000 in hand. How much interest rate a bank should offer so he has the desired amount at retirement. A. 11.00%. B10.50% C. 10.96% D. 12.00%Suppose you borrowed $38,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? Select the correct answer. a. $11,735.41 b. $11,723.41 c. $11,726.41 d. $11,732.41 e. $11,729.41
- Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per yearSuppose you borrowed $35,000 at a rate of 8.1% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? O a. $7,755.76 O'b. $11,585.00 O c. $11,948,43 O d. $9,797.19 O e. $10,590.76Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $66,498.74 O b. $66,338.29 c. $63,267.08 d. $74,323.46 e. $68,795.27
