A
Mrs. Kim owns 150 shares of an income-producing stock priced at $21 a share. How many more shares can she buy after receiving a dividend of $1.13 a share?
8 shares
100 points
Compute the simple interest on a $1,000 loan for five years at
16 3/4 %
$837.50
200 points
Compute the checkbook balance for #12 on page 300.
-150 points
Reconcile the account for #13 on page 301. Does the checkbook balance agree with the adjusted bank balance? If not, how much is the difference?
No. The checkbook balance is $206.19; the adjusted bank balance of $207.20 is higher by $1.01.
-300 points
An income stock paid $1.73 per share. Jake received $112.45 in dividends for his shares of the stock. How many shares does Jake own?
65 shares
-150 points
Calculate the amount of money in the savings account at the end of six months. The principal is $100, the rate is 10%, and the interest is compounded quarterly.
$105.06
250 points
Estimate the length of time it would take to double your money at 15.86%. with interest compounded annually.
4.5 years
-200 points
Find the price of 900 shares of stock selling for $57.63.
$51,867
50 points
Write this amount in words for a check:
$3,476.89
three thousand four hundred seventy-six and 89/100
150 points
If a credit card has an average daily balance of $2,500 and the annual interest rate is 18%, what will the total bill for the month be?
$2,537.50
-100 points
Would you double your money sooner with a compound interest rate of 5% or a simple interest rate of 6%?
Compound rate of 5%
300 points
Compute the percent of loss on shares of stick that are purchased at $27.63 and sold at $15.33.
45% loss
200 points
Write in words this amount as you would on a check:
$258.43
two hundred fifty-eight and 43/100
100 points
How often do most credit cards charge interest?
Monthly
100 points
When doubling money on an investment, what does the interest equal?
The principal
150 points