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Finance Questions & Answers

Q:
Find the simple interest on an investment of \( \$ 4000 \) for 9 months at \( 4.9 \% \) per annur
Q:
Find the simple interest on an investment of \( \$ 2500 \) for 2 years at a rate of \( 3.25 \% \) pa.
Q:
7. Geoff works as a waiter and is paid \( \$ 12.50 \) per hour. If he works 40 hours per week, calculate: a. Geoff's gross pay for the week. b. the tax that Geoff should pay. c. the percentage of gross pay that Geoff pays in tax. d. Geoffs net pay if he also has \( \$ 12.50 \) deducted for superannuation, \( \$ 5.35 \) for union fees and \( \$ 100.00 \) for a loan repayment.
Q:
2.4 Kgabo buys fumiture worth R33 100,00 . She pays \( 10 \% \) deposit and takes out a hire purchase loan to pay off the balance over a period of 36 months at a simple interest rate of \( 11 \% \) per annum. 2.4 .1 How much will Kgabo pay in total?
Q:
Suppose you want to have \( \$ 600,000 \) for retirement in 30 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?
Q:
\( 20 \% \) Calculer le prix de vente d'une marchandise sachant que son prix d'achat est de CHF 160.- et le bénéfice réalisé de CHF 40.- ? \( 200 .- \) Quel pourcent du prix de vente représente le bénéfice?
Q:
Principal \( \$ 6000 \), rate \( 12 \% \) p.a., time 5 years
Q:
b. If he is paid time-and-a-half for normal overtime, what is his pay for a week in which he works 41 hours?
Q:
Suppose you want to have \( \$ 700,000 \) for retirement in 30 years. Your account earns \( 10 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?
Q:
Calculer le prix de vente d'une marchandise sachant que son prix d'achat est de CHF 160.- et le bénéfice réalisé de CHF 40.- ?
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