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Business
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Business Mathematics
Exam 2: Review and Applications of Algebra
Path 4
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Question 1
Short Answer
Question 2
Multiple Choice
Evaluate the following:
Question 3
Short Answer
Simplify and collect the like terms:
Question 4
Short Answer
Solve the following pair of equations to three-figure accuracy. Verify your solution. 2.5a + 2b = 11 8a + 3.5b = 13
Question 5
Short Answer
Use formula (10-2) to obtain PMT if PV = $6595.20, n = 20, and i = 0.06.
Question 6
Short Answer
Evaluate the following expression for the given value of the variable: 15g -9h + 3 for g = 14, h = 15
Question 7
Short Answer
Simplify:
Question 8
Short Answer
Mr. LeClair and Ms. Bartoli own adjacent hobby farms. They have just received their property tax notices providing the following assessment and tax information:
The regional government applies one tax rate to residences, and a lower tax rate to land with farm buildings. What are these property tax rates (expressed in percent to the nearest 0.01%)?
Question 9
Short Answer
The price tags in Annie's Flower Shop include the 13% Harmonized Sales Tax (HST). How much HST will she report for a plant sold at $39.55?
Question 10
Short Answer
Evaluate the following expression for the given value of the variables and calculate to the cent:
for S = $850, i = 0.0075. n = 6
Question 11
Multiple Choice
An item listed at 40% above cost was sold by a dealer during a special sale at a 15% reduction from the list price. What did the item cost the dealer if it was sold for $23,765.00?
Question 12
Short Answer
Evaluate the following expression for the given value of the variable sand calculate to the
cent: for L = $490,
Question 13
Short Answer
Use the formula Vf = Vi(1 + c1)(1 + c2)(1 + c3) to determine c2 if Vf = $586.64, Vi = $500, c1 = 0.17, and c3 = 0.09.
Question 14
Short Answer
Evaluate to six-figure accuracy: