A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be: $525.00 O 552.00 542.00 O 452.00 None of these Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2012, which is due on July 8, 2012. Using exact interest, the amount of Janet's interest cost is: O $5,018.44 $2,561.44 O $5,261.44 O $5,216.44 O None of these Joyce took out a loan for $21,900 at 12% on March 18, 2013, which will be due on January 9, 2014. Using ordinary interest, Joyce will pay back on Jan. 9 a total amount of: O $2,167.10 O $24,068.10 O $24,038.40 O $2,138.40 O None of these 3.3
A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be: $525.00 O 552.00 542.00 O 452.00 None of these Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2012, which is due on July 8, 2012. Using exact interest, the amount of Janet's interest cost is: O $5,018.44 $2,561.44 O $5,261.44 O $5,216.44 O None of these Joyce took out a loan for $21,900 at 12% on March 18, 2013, which will be due on January 9, 2014. Using ordinary interest, Joyce will pay back on Jan. 9 a total amount of: O $2,167.10 O $24,068.10 O $24,038.40 O $2,138.40 O None of these 3.3
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be:
$525.00
O 552.00
542.00
O 452.00
None of these
Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2012, which is due on July 8, 2012. Using exact interest, the amount of Janet's interest cost is:
O $5,018.44
$2,561.44
O $5,261.44
O $5,216.44
O None of these
Joyce took out a loan for $21,900 at 12% on March 18, 2013, which will be due on January 9, 2014. Using ordinary interest, Joyce will pay back on Jan. 9 a total amount of:
O $2,167.10
O $24,068.10
O $24,038.40
O $2,138.40
O None of these
3.3
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