Business Maths

977 Words4 Pages
GST Including gst = 111x item costing. | Without GST= 111x item Calculate the amount on which capital gains tax must be paid for a house that is sold for $345,000 after having been bought as an investment property 5 years ago for $298,000 345,000-298,000=47000 0.5=47000 equals $23500 tax to be paid Simple Interest Calculate the interest earned on $1500 invested at 9% p.a for 6 years. PrT100 P=Principal r=Rate T=Time 1500x9x6100=$810 Find the total amount returned when $850 is invested for 30 months at 12.5% p.a P=$850 r=12.5 T= 3012 =2.5 850x12.5x2.5100 =$1115.63 A loan of $5000 was taken out on 23 March and repaid on 17 September. Find the interest payable if the rate is 11.6% p.a P=$5000 r=11.6 23 T=23 March to 17…show more content…
A company purchases a new bottling machine for $127,000. From experience it is expected that the machine will fill 17,500,000 bottles. If the production in the first 3 years is 937,000, 1,045,000 and 826,000, constrict a table of the book value for the first 3 years. Start of the year | No. of bottles filled | Depreciation | Book value | 1 | 0 | 0 | 127,000 | 2 | 937000 | 93700017,500,000x127,000=6800 | 120,200 | 3 | 1,045,000 | 1,045,00017,500,000x127,000=7584 | 112,616 | 4 | 826,000 | 826,00017,500,000x127,000=5994 | 106,622 | ANNUITY: Find the amount that would need to be deposited monthly for a person to have $100,000 in 25 years’ time, if the initial investment is $3000 and the interest rate is 6% p.a, compounding monthly. FINANCE SOLVER N:300(25x12) I:6 PV:-3000 PMT:? FV:100000 PPY:12 CPY:12 PMT:end Reducing Balance Loans: $1000 is borrowed at 12% p.a. compounding monthly and a repayment of $200 is made each month. Use the annuity formula to find the amount owing after 3
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