P1: FXS/ABE

P2: FXS

9780521740517c22. xml

CUAU031-EVANS

October twenty, 2011

18: 38

PHASE

22

COMPONENT 4

Revising:

Business-related

math

22. 1 Multiple-choice queries

1 Bennet invested $15 000 pertaining to 3 years. He earned six. 5% per year interest, compounding annually. The importance of his expenditure at the end of three years, towards the nearest money, is: A $15 004

B $18 119

C $18 220

D $17 925

At the $35 850

2 Chen purchased a second-hand car for 20 dollars 250. Your woman paid a deposit of $3000 and made repayment schedules of $600 per month over 3 years. The exact amount of interest Chen paid is: A $350

B $2350

C $4350

D $6350

E $7250

3 Suppose that Chen was offered an alternate repayment structure, where your woman still paid a deposit of $3000 although a п¬‚at rate of interest of 10% per annum for three years on the outstanding balance. The quantity of interest paid now would be:

A $275

B $1725

C $2025

4 Here i will discuss an draw out from a

bank account displaying all

ventures for the period

1 The spring to 30 June.

Time

1 04

30 April

21 May possibly

28 May well

30 Jun

1 September

D $5175

Credit

Electronic $6075

Charge

Interest

$7260

$1824

$1380

$1730

Harmony

$2270

$9350

$7706

$6326

$8056

Curiosity is computed at a rate of 3% per year on the lowest monthly harmony and paid into the accounts quarterly. Curiosity for the April, May well, June one fourth is paid out on 1 July. The amount of interest paid on one particular July can be closest to:

A $37. 31

B $44. 87

C $49. 19

608

D $447. 66

ISBN: 9781107655904

В© Peter Roberts, Michael Evans, Kay Lipson 2012

Copying is restricted underneath law which material must not be transferred to one more party

Elizabeth $590. twenty-eight

Cambridge School Press

P1: FXS/ABE

P2: FXS

9780521740517c22. xml

CUAU031-EVANS

October 20, 2011

16: 38

Phase 22 вЂ” Revision

609

A $353. 82

W $397. seventeen

C $629. 88

G $1362. '07 E $4256. 77

[VCAA pre 2006]

6 For a reducing balance loan with quarterly repayments, which one of the following statements is always true?

A

B

C

Deb

E

The amount of interest paid on the mortgage remains continuous each 1 / 4. The amount of main repaid every quarter boosts with each payment manufactured. Every instalment reduces the key by the same amount.

By simply halfway through the loan period, half the main has been refunded. The amount of curiosity paid is around double that paid if the loan had been calculated employing simple curiosity.

[VCAA pre 2006]

Modification

5 Financing of $80 000 is to be paid back 20+ years in a interest rate of 7. 2% per year on a minimizing monthly equilibrium. The month-to-month repayment will probably be closest to:

7 An organization purchased a machine pertaining to $5000 on the п¬Ѓrst of January one full year, and depreciates its benefit at a rate of 20% of its price per year. If the book benefit falls below $1500 the organization will publish it away. The length of time which the machine will be in use is closest to:

A 2 years

B a couple of 1 years

2

C three years

Deb 3 1 years

two

E several years

twelve

0

12

0

10

0

012345

Year

Worth ($000s)

Worth ($000s)

Electronic

20

twenty

15

10

5

0

012345

Year

012345

Yr

012345

12 months

D

C

20

Benefit ($000s)

M

20

Benefit ($000s)

A

Value ($000s)

8 A printing equipment is bought for $20 000. Using п¬‚at charge depreciation, the value after 5 years will be $4000. Which in the following graphs best symbolizes the value of the machine at the end of each and every year with this 5-year period?

20

10

0

012345

Year

[VCAA pre 2006]

9 3 thousand us dollars is placed within an investment accounts compounding regular monthly at an rate of interest of 6% per annum. The balance in us dollars, after and years, has by: A 3000 Г— 1 . 005n

D 3000 Г— 1 ) 0612n

N 3000 Г— 1 . 00512n

E 3 thousands Г—. 06n

C 3000 Г— 1 ) 06n

[VCAA pre 2006]

10 Tahlia wants to gain $2400 curiosity on a 3-year investment in 2 . 5% per annum simple interest. The amount she must invest is definitely closest to:

A $288 000 N $7200

C $96 000

D...