Example 17. A money lender lends Rs. 1500 and charges Rs. 240 as overall interest. T'he amount was recovered in 12 equal instalment each less by Rs. 10 than the preceding one. Find the amount of first instalment

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: Mike invested $3000 at 12% per annum compounded semi-annually for 8 years. a) How much money does…

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Q: 4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If…

A: Solution: The principal amount is RM y The total amount is RM 15,500 Time period is 4 years The…

Q: Some amount out of $7000.00 was lent at 6% per annum and the remaining at 4% per annum. If the total…

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Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: Jep has some amount of money in his Gash account at the beginning of the week. He forgot the exact…

A: The objective of the question is to find out the initial amount of money Jep had at the beginning of…

Q: Ranad borrowed $25,000 at 5.25 % interest per year, compounded semi-annually. If she were to pay off…

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Q: When Wei Wei first purchased his savings bond, it was worth $800. Now, years later, it is valued at…

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Q: Suppose you owned 1000 shares of stocks in ABC Corporation. You purchased the shares at a price of…

A: Given that 1 share was bought at $102.41 That 1 share was sold at $160.38 So the profit percentage…

Q: (c) In the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and Ford,…

A: Given that, in the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and…

Q: If you can't start saving that early in your careerat the age of 24until you retire at 64, you will…

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the…

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Q: b) A salary of £5 240 is to be increased by 1.2%. Calculate (i) the increase, (ii) the new salary.

A: Given that the salary of £5240 is increased by 1.2% To calculate  (i) the increase  (ii) the new…

Q: two people begin working on the same day for the same company. the starting salary of person A is…

A: Simple interest is the amount paid or received over a period with a fixed rate of interest for the…

Q: A man gets a raise of 12% in salary at end of first year and further raises of 16% ,19% and 25% at…

A: The percentage change is calculated using the formula below. Percentage Change=Final value-Initial…

Q: A farmer bought a tractor costing P12,000 if paid in cash. The tractor may be purchased by…

A: Given: initial balance =12000 annual interest rate=8% time period n=5

Q: Use the result from part (c) to find the cost to the company if employee turnover is 39% in a year

A: Given data : The percentage of employees who cease their employment during a year is referred to as…

Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: Find the future value of an annuity due of $2000 paid at the beginning of each 6-month period for 8…

A: The future value of the annuity is calculated using the formula: S=P1+in-1i1+i. Here, P is deposited…

Q: Assume  you have secured a loan of $10,000 from a bank  which will be paid in one year. The fin bank…

A: Given loan amount = $ 10000 Annual interest rate = 3.67% To determine the opening balance for the…

Q: A company first six month of a certain year made 30% profit, and last six months lost 30%. What…

A: *to find:- percentage of profit/loss.

Q: What sum must be loaned at 8 percent simple interest to earn $350 in 4 years?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…