Question: 81 / [(5) 2 - 16] - 4[(2) 3 - 13] $213.85 (1- 0.095 x 5/12) 3. Suppose a group of consumers spends 30% of
- 81 / [(5)2 - 16] - 4[(2)3 - 13]
- $213.85 (1- 0.095 x 5/12)
3. Suppose a group of consumers spends 30% of its disposable income on food, 20% on clothing and 50% on rent. If over the course of the year the price of food rose 10%, the price of clothing dropped 5% and rent rose 15%, what was the simple and weighted average price increase experienced by the consumers?
4.Express the ratio 6 :5:8 as:
a. an equivalent ratio in it's lowest terms
b. an equivalent ratio with it's lowest term 1
5.Solve the following proportion for the unknown terms:
X:3600:y = 48:40:105
6. Ann put $15,000 into a 90 day term deposit that paid a simple interest rate of 3.2%.When the term deposit matured, she invested the entire amount of the principal and interest from the first term deposit into a new 90 day term deposit that paid the same rate of interest.What total amount of interest did she earn on both term deposits?
7. What amount invested at 4 % on November 19, 2020 had a maturity value of $10,000 on March 3, 2021?
8. An investment savings account pays interest as follows:
1.00% (per annum) on the first $1,000
1.75% (per annum) on the portion of the balance between $1,000 and $3,000
2.25% (per annum) on any balance in excess of $3,000
What interest will be paid for the month of January if the opening balance was $3,678, $2,800 was withdrawn on the 14th of the month and $950 was deposited on the 25th of the month?
Please calculate value up to 2 decimals for all questions
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