A grocery store has a special on sodas. Three 12 packs for $9.00.How much does five 12 packs of soda cost?
Answer(s): C
A family of four have a dinner bill for $44.00. A 15% tip is added after an 8% tax is added to the amount.How much is the tip?
Answer(s): D
According to the question, this consumer added the 15% tip on top of the bill and the tax. Therefore, you must first multiply $44.00 × 1.08 which equals $47.52. Now you will multiply $47.52 × 15% or 0.15. This results in $7.128 which rounds up to $7.13.
Jane takes out a loan for $100,000.00 over 10 years and agrees to pay interest only at an annual rate of 8%.What will her monthly payment be?
Answer(s): B
This question is asking you to only determine the monthly payment of an interest only loan. Thus, you do not need to concern yourself with the 10-year term or the principal being repaid as that is irrelevant. The only numbers you need to work with are the principal amount, the interest rate and the number of months in a year.The formula for calculating an interest only loan would be (Principal × Annual Rate) / Number of months in a year. Therefore:($100,000 × 0.08)/12 = $666.66666 or $666.67. A payment of $666.67 per month would result in payments of $8000.04 per year which is 8% of $100,000.00.
Karen is 6 years older than her sister Michelle, and Michelle is 2 years younger than their brother David.If the sum of their ages is 62, how old is Michelle?
A barista averages making 16 coffees per hour.At this rate, how many hours will it take until she's made 1,200 coffees?
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