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

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

Related

## Business Math

1006 Words | 5 PagesSimple interest is the interest that is computed on the original principal only. If I denotes the interest on a principal P (in dollars) at an interest rate of r per year for t years, then we have I = Prt The accumulated amount A, the sum of the principal and interest after t years is given by and is a linear function of t. A= P + I = P + Prt = P(1 + rt) A bank pays simple interest at the rate of 8% per year for certain deposits. a. If a customer deposits $1000 and makes no withdrawals

## Importance of Business Math in Business

1333 Words | 6 PagesWhat is business mathematics: Business mathematics is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. Business management can be made more effective in some cases by use of more advanced mathematics such

## business math paper

986 Words | 4 Pagesyield). To find the amount of interest you would use this formula: P (principle) x R (rate) x T (time) = I (interest) Example: $1000 x 3% x 1 year. = $30 Interest is the fee paid for borrowing money. Most individuals or business owners pay simple interest on a short-term loan, which is usually a loan of up to 1 year. The amount of interest charged by a bank depends on three factors: 1. The amount borrowed is called the principal. 2. The length of time the money is borrowed

## Business Math Essay

3364 Words | 14 PagesChapter 5 Interest Rates 5-1. Your bank is offering you an account that will pay 20% interest in total for a two-year deposit. Determine the equivalent discount rate for a period length of a. Six months. b. One year. c. One month. a. Since 6 months is [pic] of 2 years, using our rule [pic] So the equivalent 6 month rate is 4.66%. b. Since one year is half of 2 years [pic] So the equivalent 1 year rate is 9.54%. c

## Business Maths Statistics Assignment 1

1208 Words | 5 PagesBMS11 Business Maths and Statistics ASSIGNMENT 1 DESCRIPTIVE STATISTICS USING EXCEL PART B. QA). The pie charts show that a higher percentage of the male gender has tried the product in comparison to the female gender. Over 50% of both genders have tried the product. However, the fact that the percentage of males who tried the product is higher, suggests that gender does play a role in whether the people will try the product. Yet the role genders play is small, because the difference

## Business Maths Statistics Assignment 1

1214 Words | 5 PagesBMS11 Business Maths and Statistics ASSIGNMENT 1 DESCRIPTIVE STATISTICS USING EXCEL PART B. QA). The pie charts show that a higher percentage of the male gender has tried the product in comparison to the female gender. Over 50% of both genders have tried the product. However, the fact that the percentage of males who tried the product is higher, suggests that gender does play a role in whether the people will try the product. Yet the role genders play is small, because the difference between

## Role of Mathematics in Business & Economics

1407 Words | 6 PagesRole Of Mathematics in Business & Economics Introduction: Mathematics have been one of the primary elements of business and economics since ancient times, when farmers had to count the animals in their possession and merchants had to have a clear picture of their goods' value. With the introduction of money as the universal legal tender, all goods acquired a numerical value, making math calculations even more important. Furthermore, in the competitive global market environment of today, businesses

## Why College Can Be A Hard Choice

1126 Words | 5 PagesDeciding to go to college can be a hard choice. College is not meant for everyone but it can be very helpful when it comes to finding a good job. Although not all degrees can be helpful, a business degree allows good job opportunities. The University of New Mexico believes that “Business, Finance and Economic employment rates are the fastest growing in the nation and by majoring in one of these fields at UNM, you will surely have a successful future.” For those who are not made for college, it is

## Evolution Of Accounting : Past And Present Building The Future

1299 Words | 6 Pagesability to make a profit. (Warren Buffett). In 1994, I was introduced to the world of business math which is just a simplified basic accounting. Though it was just a school year of taking the class it left a lasting imprint in my life. It was there when I realized how much I loved business math along with journal entries. Sometime after graduating from high school I decided to attend Delta Tech School of Business to earn a degree in Accounting. In my mind I basically thought that accounting was merely

## Student 's Strengths And Weaknesses

1204 Words | 5 PagesOn October 23, 2014, Wayne High School sophomores traveled to the campus of Wayne State College in order to take the ASPIRE test. The ASPIRE test shows a student’s strengths and weaknesses in core academic areas. For example, I am strong in the area of English and weaker in Science. Furthermore, the ASPIRE test predicts a student’s likely ACT score. ACT scores are used for a college admission and to award scholarships; my predicted ACT scores shows that I am above average. Indeed, the ACT score

### Business Math

1006 Words | 5 Pages### Importance of Business Math in Business

1333 Words | 6 Pages### business math paper

986 Words | 4 Pages### Business Math Essay

3364 Words | 14 Pages### Business Maths Statistics Assignment 1

1208 Words | 5 Pages### Business Maths Statistics Assignment 1

1214 Words | 5 Pages### Role of Mathematics in Business & Economics

1407 Words | 6 Pages### Why College Can Be A Hard Choice

1126 Words | 5 Pages### Evolution Of Accounting : Past And Present Building The Future

1299 Words | 6 Pages### Student 's Strengths And Weaknesses

1204 Words | 5 Pages