\n *PLEASE SHOW YOUR WORK*\n <\/p>\n
\n
\n Question 1:
\n <\/u>\n<\/p>\n
\n Calculate the amount of interest that will be charged on $6800.00 borrowed for five months at 4.8%. (3 marks)\n <\/p>\n
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\n Question 2:
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\n Compute the amount of interest on $310.00 at 7.90% p.a. from March 30, 2014 to October 28, 2014. (4 marks)\n <\/p>\n
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\n Question 3:
\n <\/u>\n<\/p>\n
\n Alex borrowed $9 300 to buy a car. If interest is charged on a loan at 7.5%, how much interest would he have to pay in 130 days. (3 marks)\n <\/p>\n
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\n Question 4:
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\n At what rate of interest will $999.00 earn $48.74 in 204 days? (3 marks)\n <\/p>\n
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\n Question 5:
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\n In how many months will $4 800 grow to $5 900.00 at 10.1% p.a.? (3 marks)\n <\/p>\n
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\n Question 6:
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\n Leo wishes to invest $7 820.00 that he saved from his summer job.\u00a0 His bank offers 4.25% for a one-year term investment or 4% for a six-month term. Help Leo to investigate his options.\n <\/p>\n
\n a) How much will Leo receive after one year if he invests at the one-year rate? (2 marks)\n <\/p>\n
\n b) How much will Leo receive after one-year if he invests for six-months at a time at 4% each time? (3 marks)\n <\/p>\n
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\n Question 7:
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\n What sum of money will accumulate to $4350.00 at 12.75% p.a. in 472 days? (3 marks)\n <\/p>\n
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\n Question 8:
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\n Three debts, the first for $1850 due four months ago, the second for $1290 due in 5 months, and the third for $1700 due in 7 months, are to be paid by a single payment today. How much is the single payment if money is worth 6.6% p.a. and the agreed focal date is today? (5 marks)\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
*PLEASE SHOW YOUR WORK* Question 1: Calculate the amount of interest that will be charged on $6800.00 borrowed for five months at 4.8%. (3 marks) Question 2: Compute the amount of interest on $310.00 at 7.90% p.a. from March 30, 2014 to October 28, 2014. (4 marks) Question 3: Alex borrowed $9 300 to buy […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/227012"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=227012"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/227012\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=227012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=227012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=227012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}