Using Table 13-2---Find the compound interest on $2,500 at .75% interest compounded daily by the Leader Financial Bank for 20 days.
$1.03
A pair of shorts is reduced to $54.99. If the markdown is 40%, what is the original price of the shorts?
$91.65
The price of a refrigerator is $2,199.99 for an 18-month loan. If a $300 down payment has been made, what is the monthly payment?
$105.56
How much money was borrowed at 12% annual interest for 6 months if the interest was $90.00?
$1,500.00
Using Table 13-3---Find the amount of money that needs to be invested in order to have $1,500.00 in 3 years. You will receive 2.5% interest compounded annually.
$1,392.90
What is the APR on a loan of $1,600.00 for 24 months. The interest is $200.00. Use Table 12-1.
11.50%
Using Table 3---Find the amount of money that needs to be invested in order to have $1,800 in 1 year if you would receive 6% interest compounded monthly.
$1,695.44
The price of a computer is $2,199.99. The loan is for 18 months. If a $300 down payment has been made, what is the monthly payments?
$105.56
What is the rate of simple interest on a $1,200 loan that requires the borrower to repay a total of $1,302 after one year?
8.5%
A table is marked up 34% based on cost. If the markup is $5.27, what is the cost of the table?
$15.50
What is the simple interest on $500.00 invested at 4% annually for 3 years?
$60.00
George charges a TV that retails (cash price) for $469.00. The payments are for 12 months. The installment price is $503.00 with no down payment. What is the finance charge?
$34.00
What is the monthly payment? The price is $3,400, a down payment of $600 is made, and there are 12 monthly payments.
$233.33
Using Table 13-3---Find the amount of money that needs to be invested in order to have $4,000.00 in 2 years. The interest is compounded quarterly at 2%.
$3,843.56
Larry made a 60 month loan that has interest of $2,518. He paid the loan in full with 21 months remaining. What is the amount of the interest to be refunded to Larry (Use the sum-of-digits table)?
$317.77
Using Table 13-1---Find the Future Value of $5,000 at 6% interest compounded semi-annually for 2 years.
$5,627.55
A TV stand sell for $385.00. What is the markup if the rate of markup is 45% based on the selling price?
$173.25
What is the ordinary interest paid on a loan of $1,200 for 120 days at a simple interest rate of 12% annually?
$48
What is the rate of markdown based on the selling price of a TV that sells for $498.00 and is marked down $142.00?
28.5%
What is the ordinary interest paid on a $1,600 loan if the loan is for 90 days at a 13% interest rate?
$52.00
