business math

 

  1. Write the word or phrase that best completes each statement or answers the question. Solve the problem. Round dollar amounts to the nearest dollar.

 

        Use the straight-line method to complete the depreciation table for a combine    harvester that costs  

 

        $4300, has a salvage value of $300, and has an estimated life of 5 years.

2. Use the table to find the future value. Round to the nearest cent.

 

https://content.grantham.edu/at/MA095/W8_Final/question21.png

 

$15,000 at 1% compounded annually for 3 years

 

 

 

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$15,301.50

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$15,454.50

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$15,450.00

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$15,300.00

3.

 

 

Solve the problem. Round to the nearest cent.

The list price of a car is $8760. It is available at either a 10/20/5 or a 35/30 trade discount series. Which trade discount series gives the better deal? By how much?

 

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10/20/5, $2006.04

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10/20/5, $2628.00

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35/30, $2628.00

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35/30, $2006.04

 

4.     Solve the problem. Round to the nearest cent.

The list price of a keyboard is $788. If the trade discount series offered is 10/30/20, find the net price by using the net decimal equivalent.

 

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$315.20

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$472.80

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$397.15

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$390.85

 

 

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