If you enter "=A3*C2" into cell A4, what value will be stored in cell A4?
If you enter "=sum(A1:A3)" into cell B4, what value will be stored in cell
B4?
Suppose that the sales tax is 5% and you purchase a book for $12.00. How
much is the price of the book including tax?
Last year a particular company sold 600 snowblowers and this year it sold
700. What is the percent increase in the number of snowblowers this company
sold.
Suppose your bank offers a savings account that pays 3% interest compounded
quarterly.
If you invest $1,000 in this account, how much will you have after 5 years?
Do not simplify your answer.
How much should you invest in this account now if you wish to have $20,000
after 10 years? Do not simplify your answer.
Sean wants to buy a very expensive imported leather couch that is priced
at $1,200. Sean chooses to finance this couch by paying 10% down and $50
per month for 2 years.
What is the total installment price Sean pays?
Calculate the finance charge?
Suppose that you receive a statement from your credit card company for
the billing period of June 1 - June 30. It shows an unpaid balance on June
1 of $900 and a payment on June 11 of $300. There are no other payments
or charges for the month. The monthly interest rate for this credit card
is 1.5%.
What is the average daily balance for this billing period?
If the interest is determined using the average daily balance method, find
the total balance owed on the last day of the billing period.
Allison has agreed to buy a home for $500,000. Her mortgage company requires
a 20% down payment. She is going to get an interest rate of 7% for a 15
year fixed-rate mortgage.
What is the amount of Allison's mortgage?
If Allison must pay 1 point at closing, how much must be paid for this?
What is Allison's monthly payment (excluding insurance, taxes, etc.)?
Determine if each of the following is TRUE or FALSE. (Write out TRUE or
FALSE, not just T or F.)
Let
and
Find each of the following sets.
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