# buissness math

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Determine the total in Dexter's account after the second month using the information below.
Dexter Banler's account
Principal: \$1,604
Rate: 10% compound
Length of period: month

\$3208.00 \$1764.40
\$1630.85

3. Ray Sugar's account
Principal: \$1,700
Rate: 9.5% compound
Length of period: quarter
Third quarter's interest: _________

\$161.50 \$16.15
\$42.32

4. Determine the total in Ray's account after three quarters using the information below.
Ray Sugar's account
Principal: \$1,700
Rate: 9.5% compound
Length of period: quarter

\$1,861.50 \$1824.03
\$1716.15

5. Determine the second quarter's interest earned by Sue's account using the information below.
Sue Palka's account
Principal: \$2,118
Rate: 8.75% compound
Length of period: quarter
Second quarter's interest: _________

\$185.33 \$176.56
\$47.34

6. Determine the total in Sue's account after 2 quarters using the information below.
Sue Palka's account
Principal: \$2,118
Rate: 8.75% compound
Length of period: quarter

\$2,211.67 \$2,165.34
\$2,303.33

7. Determine the total loan amount for Sean Combs.
Amount of loan: _________
Number of payments: 9
Each payment: \$15.90
Interest: \$18.10

\$125 \$143.10
\$124.20

8. Determine the number of payments for Micah McCarter.
Amount of loan: \$5,500
Number of payments: _________
Each payment: \$125.13
Interest: \$506.24

44 48
52

9. Determine the amount of each payment for Kyle Moneymaker.
Amount of loan: \$1,500
Number of payments: 24
Each payment: _________
Interest: \$66

\$62.50 \$66.75
\$65.25

10. Kristen Taylor purchased a new coat for \$289. She paid \$50 down and borrowed the remainder. She had to make 8 payments of \$32.27 each. How much interest did she pay on the loan? \$59.16 \$19.16
\$29.16

11. Borrowed: \$250
Loan type: single payment
Interest rate: 12%
Time of loan: 2 months
Amount to repay: _________ \$255 \$280
\$310

12. Borrowed: \$500
Loan type: installment
Interest rate: 8.5%
Number of payments: 12
Monthly installment: _________ \$45.21 \$41.67
\$43.61

13. Borrowed: \$474
Loan type: single payment
Interest rate: 16%
Time of loan: 1 month
Amount to repay: _________ \$549.84 \$480.32
\$492.34

14. Borrowed: \$800
Loan type: single payment
Interest rate: 15%
Time of loan: 3 months
Amount to repay: _________ \$920 \$860
\$830

15. Borrowed: \$950
Loan type: monthly installments
Interest rate: 9.5%
Number of payments: 30
Monthly installments: _________ \$39.19 \$32.80
\$35.70

16. Borrowed: \$400
Interest rate: 9%
Number of payments: 12 monthly installments
Monthly payment: _________ \$36.33 \$34.56
\$37.65

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