INSTRUCTOR’S
SOLUTIONS MANUAL
BUSINESS MATH
ELEVENTH EDITION
Cheryl Cleaves
Southwest Tennessee Community College, Emerita
Margie Hobbs
Southwest Tennessee Community College, Emerita
Jeffrey Noble
Madison College
,The author and publisher of this book have used their best efforts in preparing this book. These efforts
include the development, research, and testing of the theories and programs to determine their
effectiveness. The author and publisher make no warranty of any kind, expressed or implied, with regard to
these programs or the documentation contained in this book. The author and publisher shall not be liable in
any event for incidental or consequential damages in connection with, or arising out of, the furnishing,
performance, or use of these programs.
Reproduced by Pearson from electronic files supplied by the author.
Copyright © 2018 Pearson Education, Inc.
Publishing as Pearson, 330 Hudson Street, NY NY 10013
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or
transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise,
without the prior written permission of the publisher. Printed in the United States of America.
ISBN-13: 978-0-13-458685-4
ISBN-10: 0-13-458685-9
, Table of Contents
Chapter 1: Review of Whole Numbers and Integers 1
Chapter 2: Review of Fractions 9
Chapter 3: Decimals 19
Chapter 4: Banking 29
Chapter 5: Equations 40
Chapter 6: Percents 51
Chapter 7: Business Statistics 62
Chapter 8: Trade and Cash Discounts 75
Chapter 9: Markup and Markdown 84
Chapter 10: Payroll 99
Chapter 11: Simple Interest and Simple Discount 110
Chapter 12: Consumer Credit 121
Chapter 13: Compound Interest, Future Value, and Present Value 130
Chapter 14: Annuities and Sinking Funds 140
Chapter 15: Building Wealth Through Investments 155
Chapter 16: Mortgages 164
Chapter 17: Depreciation 181
Chapter 18: Inventory 194
Chapter 19: Insurance 206
Chapter 20: Taxes 215
Chapter 21: Financial Statements 223
,
SOLUTIONS MANUAL
BUSINESS MATH
ELEVENTH EDITION
Cheryl Cleaves
Southwest Tennessee Community College, Emerita
Margie Hobbs
Southwest Tennessee Community College, Emerita
Jeffrey Noble
Madison College
,The author and publisher of this book have used their best efforts in preparing this book. These efforts
include the development, research, and testing of the theories and programs to determine their
effectiveness. The author and publisher make no warranty of any kind, expressed or implied, with regard to
these programs or the documentation contained in this book. The author and publisher shall not be liable in
any event for incidental or consequential damages in connection with, or arising out of, the furnishing,
performance, or use of these programs.
Reproduced by Pearson from electronic files supplied by the author.
Copyright © 2018 Pearson Education, Inc.
Publishing as Pearson, 330 Hudson Street, NY NY 10013
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or
transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise,
without the prior written permission of the publisher. Printed in the United States of America.
ISBN-13: 978-0-13-458685-4
ISBN-10: 0-13-458685-9
, Table of Contents
Chapter 1: Review of Whole Numbers and Integers 1
Chapter 2: Review of Fractions 9
Chapter 3: Decimals 19
Chapter 4: Banking 29
Chapter 5: Equations 40
Chapter 6: Percents 51
Chapter 7: Business Statistics 62
Chapter 8: Trade and Cash Discounts 75
Chapter 9: Markup and Markdown 84
Chapter 10: Payroll 99
Chapter 11: Simple Interest and Simple Discount 110
Chapter 12: Consumer Credit 121
Chapter 13: Compound Interest, Future Value, and Present Value 130
Chapter 14: Annuities and Sinking Funds 140
Chapter 15: Building Wealth Through Investments 155
Chapter 16: Mortgages 164
Chapter 17: Depreciation 181
Chapter 18: Inventory 194
Chapter 19: Insurance 206
Chapter 20: Taxes 215
Chapter 21: Financial Statements 223
,
