Abeka Business Mathematics Test 8 Exam Questions with Verified Answers

the simple interest formula is i=prt - ANSWER-true 1/2% written as a decimal is .5 - ANSWER-false the stock market is safer for your investment than a certificate of deposit - ANSWER-false a certificate of deposit is a demand deposit - ANSWER-false time in the simple interest formula is in terms of years - ANSWER-true the daily-interest method in a savings account means the bank calculates your interest based upon the amount in your account at the end of the interest period - ANSWER-false 10.8 is 60% of what number - ANSWER-18 15% of 130 - ANSWER-19.5 70 is what % of 280 - ANSWER-25% 75% of 924 - ANSWER-693 22.95 is what % of 27 - ANSWER-85% 60 is 15% of what number - ANSWER-400 8.1 is what % of 162 - ANSWER-5% 10% of 50 - ANSWER-5 840 is 40% of what number - ANSWER-2,100 write 1/5% as a decimal - ANSWER-.002 write 4.134 as a percent - ANSWER-413.4% write as dollars and cents and round off to the nearest cent: 362-7/8 - ANSWER-$362.88