By Brita Immergut
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Additional info for Solving Word Problems
Sample text
07397 or 7 . 4 ~ Total finance charge = 186. Note: If you purchased additional items between the last closing statement (March 21) and the next one (April 21) then interest will be charged on the average daily balance, which includes the additional items. 51 You have purchased a computer for $1000 on March 10. The minimum balance was $50 due on March 21. 5%. What will be the finance charges for the remaining balance on your next statement on April 21, assuming you made no other purchases until then?
What you earn on your investments differs. With CDs, as well as with a savings account, you know your interest rate. With stocks and bonds dividends can vary. However, the calculations we can make about our accounts are all similar. Percents 45 Stocks Stocks are shares in a corporation. The price of each share will vary according to the perceived value of the share by investors. When many investorswant to buy shares of a certain company, the price per share goes up. When many investors want to sell shares of a company, the price per share goes down.
B) The original discount was 25%. The new price was 75% of the original price. The second discount was 40% of 75% = 30%. The total discount is 25% 30% = 55%. + Alternate solution: (100% - 25%) = 75% The new price is 75% of the original price. (60%)(75%) = 45% You pay 45% after the second discount. 100% - 45% = 55% The total discount is 55%. c) The original discount was 34%. The new price is 66% of the original price. 4%. 4%. + 38 Master Math: Solving Word Problems Alternate solution: (100% - 34%) = 66% The new price is 66% of the original price.