MAT 115

MAT 115 WEEK 6 DISCUSSION Compound Interest The study of simple interest and discount is an effective way for you to internalize concepts related to the time value of money. However, compound interest is generally earned and paid on outstanding loans, and the effects of this concept are substantially different than that of simple interest over long periods of time. In this module you will learn how to calculate compound interest for various

MAT 115 WEEK 5 QUIZ 1 18981 at 9for 208 days a $97349 b. $1034.33 c. $987.01 d. $1020.16 2. A loan of $1870 at 11% made on October 5 and due January 16. a. $46.21 b. $58.85 c. $58.05 d. $46.85 3. A promissory note for $5380 at 6.2% made on July 15 and due December 28. a. $153.81 b. $151.70 c. $150.79 d. $152.88 4. Shuler’s Teas borrowed $9805. The simple interest loan was repaid in 7 months

MAT 115 WEEK 4 QUIZ 1 Solve for selling price 82 C M $450 S a. $2500 b. $369 c. $549 d. $2050 2. Solve for cost. 100% C M_$64.50 125% S a. $80.63 b. $258 c. $145.13 d. $322.50 3. Find the equivalent markup on either cost or selling price, using the appropriate formula. Round to the nearest tenth of a percent. Markup on Cost Markup on Selling Price

MAT 115 WEEK 3 QUIZ Find the net cost invoice amount for the following two questions Round to the nearest cent 1. List price: $5125.40 less 10/12/15. a. $3229 b. $3450.42 c. $1674.78 d. $5090.40 4.63 2. List price: $1704.20 less 8/15. a. $1332.68 b. $1618.99 c. $1312.23 d. $1681.20 4.58 Find the single discount equivalent for the following two series discounts. 0 3. 7/14. a. 20.02% b. 21% c. 79.98% d.

MAT 115 WEEK 4 HOMEWORK ASSIGNMENT Solve the following problems showing your work. You may copy & paste the problems on your word processor. Each problem 4 points, total 100 points. Solve the following problems. 1. 187 textbooks is 11% of how many textbooks? 2. What is 40% of 6220? 3. 30 is what percent of 2000? 4. What is 3/5% of $690? 5. Find the fractional equivalent of 45%. 6. A stock selling for $19 per share pay

MAT 115 WEEK 4 HOMEWORK ASSIGNMENT Solve the following problems showing your work. You may copy & paste the problems on your word processor. Each problem 4 points, total 100 points. Solve the following problems. 1. 187 textbooks is 11% of how many textbooks? 2. What is 40% of 6220? 3. 30 is what percent of 2000? 4. What is 3/5% of $690? 5. Find the fractional equivalent of 45%. 6. A stock selling for $19 per share pay

MAT 115 WEEK 3 QUIZ 1 List price: $5125.40 less 10/12/15. a. $3229 b. $3450.42 c. $1674.78 d. $5090.40 2. List price: $1704.20 less 8/15. a. $1332.68 b. $1618.99 c. $1312.23 d. $1681.20 Find the single discount equivalent for the following two series discounts. 3. 7/14. a. 20.02% b. 21% c. 79.98% d. 9.8% 4. 5/8/10. a. 4% b. 78.66% c. 21.34% d. 23% Find the final discount date for th

MAT 115 WEEK 2 DISCUSSION Banks and Payroll Knowing about banks and their services helps all individuals, whether operating a business or not. In the first part of this module, you will examine the basics of banking. Later in the module, payroll is discussed and examined, including how to calculate them. Learning Objectives Upon completion of this module, you should be able to: • Identify check parts • Id

MAT 115 WEEK 1 DISCUSSION Mathematical Concepts Review, and Percent A critical element in solving quantitative business problems is the correct interpretation of information and design of the problem itself. Available information must be collected, analyzed and translated into a form that can be evaluated. The first two chapters review basic concepts of mathematics that you already are familiar with. Chapter 3 concludes this module with an