Questions from Business Mathematics


Q: 1. If you want four-figure accuracy in your final

1. If you want four-figure accuracy in your final result, what minimum number of figures must be retained in the values used in the calculations? A) 4 B) 5 C) 6 2. For a final result of approximately...

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Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = ? Term = 4 months Legal due date = Feb 28

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Q: In what circumstance is the weighted average equal to the simple average

In what circumstance is the weighted average equal to the simple average?

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Q: How must you allocate your money among a number of investments so

How must you allocate your money among a number of investments so that your portfolio’s overall rate of return will be the same as the simple average of the rates of return on individual investments?...

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Q: In what circumstance should you calculate a weighted average instead of a

In what circumstance should you calculate a weighted average instead of a simple average?

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Q: Solve the equations. x ( 1.05 ) 3

Solve the equations. x ( 1.05 ) 3 + $1000 + x 1.05 7 = $5000 1.05 2

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Q: What is the percent rate if a quantity is four times the

What is the percent rate if a quantity is four times the size of the base?

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Q: The Calgary Real Estate Board reports that house prices increased by 5

The Calgary Real Estate Board reports that house prices increased by 5% during the first seven months of the year. If prices continue to rise at the same rate for the subsequent five months, what will...

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Q: A bank pays a simple interest rate of 4.1%

A bank pays a simple interest rate of 4.1% on 30-day to 179-day GICs of at least $100,000. What is the effective annualized rate of return 1. on a 40-day GIC? 2. on a 160-day GIC?

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Q: A T-bill with 125 days remaining to maturity is discounted

A T-bill with 125 days remaining to maturity is discounted to yield 4.6% simple interest. What is the effective annualized rate of return on the T-bill?

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