Tema
Q:
David borrowed \( \$ 6000 \) from a lender that charged simple interest at an annual rate of \( 7 \% \). When David paid off the loan, he paid \( \$ 1680 \) in interest. How lo
was the loan for, in years?
If necessary, refer to the list of financial formulas.
Q:
5.1. The price of a 700 g loaf of brown bread in 2016 was R11.50. The current price in of
the same loaf in 2024 is R17,99. Determine the rate of inflation as a percentage, if we
assume the inflation rate remained unchanged for this period.
5.2. An amount of \( \mathrm{R6} 500,00 \) is invested at an interest of \( 11 \% \) p.a compounded
yearly. Calculate the value of the investment at the end of 38 months.
Q:
How much did Lois have withheld from her yearly pay for Social Security?
A. \( \$ 472.04 \)
B. \( \$ 4465.71 \)
C. \( \$ 2018.40 \)
D. \( \$ 32,554.76 \)
Q:
Question 7 of 10
A type of taxation in which people and businesses with higher incomes have
higher tax rates is known as
A. regressive taxation
B. federal taxation
D. flat taxation
D.ogressive taxation
Q:
A household consists of a married couple, their twin three-year-old sons, and
their twin eight-year-old daughters. The couple's children had no income and
lived with their parents all of last year. How many exemptions can the couple
claim on last year's tax return if they file with the "Married filing jointly" status?
A. 3
B. 5
C. 6
D. 4
Q:
13) Halle la cantidad máxima a pedir prestada si el presupuesto que se tiene al mes para hacer
pagos'es de \( \$ 750 \) y se amortiza a 15 años.
a) Tasa de interés del \( 5.5 \% \) capitalizable trimestral con pagos trimestrales.
Q:
4. Janan invested \( \$ 2000 \) at a simple interest rate of \( 4 \% \) p.a.
Calculate how long he needs to invest it to earn \( \$ 200 \) in interest.
Q:
Severson family owns a house worth \( \$ 280,000 \), of which they still owe \( \$ 113,545 \) on the morte
ey also own two cars, one worth \( \$ 5,200 \) and the other worth \( \$ 15,600 \). They still owe \( \$ 9,200 \) or
the car loans. They have \( \$ 2,300 \) in credit card debt and owe \( \$ 18,200 \), for their daughter's wer
hat is their net worth?
\( \$ 143,245 \)
\( \$ 157,555 \)
\( \$ 162,155 \)
\( \$ 300,800 \)
Q:
SiMPLE INTEREST Solve the following problems. (Round to the nearest centavo)
1. A man borrowed Php \( 18,400.00 \) from a credit union that charges \( 8 \% \) simple internst
for 1 year and 7 months. Find the amount of interest charged?
2. Nir. P. SAntios deposited Fhp \( 95,000.00 \) in a savings bank. if the bank pays \( 82 / 5 \% \)
simple interest, determine the following:
a. amount of interest parned per vear
b. Total interest earned after 3 years and 5 months
Q:
Find the final hourly wage if a \( \$ 9.00 \) starting wage is
increased by \( 4.5 \% \) each year for 8 years.
The final wage is \( \$ \)
Round answer to 2 decimal places
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