Business Mathematics In Canada
11th Edition By Jerome
Ch 1 To 17
TEST BANK
,Table Of Content
CHAPTER 1 Revieẉ and Applications of Basic Mathematics
CHAPTER 2 Revieẉ and Applications of Algebra
CHAPTER 3 Percent and Percent Change
CHAPTER 4 Ratios and Proportions
CHAPTER 5 Mathematics of Merchandising
CHAPTER 6 Applications of Linear Equations
CHAPTER 7 Simple Interest
CHAPTER 8 Applications of Simple Interest
CHAPTER 9 Compound Interest: Future Value and Present Value
CHAPTER 10 Compound Interest: Further Topics and Applications
CHAPTER 11 Ordinary Annuities: Future Value and Present Value
CHAPTER 12 Ordinary Annuities: Periodic Payment, Number of Payments, and
Interest Rate
CHAPTER 13 Annuities Due
CHAPTER 14 Annuities: Special Situations
CHAPTER 15 Loan Amortization: Mortgages
CHAPTER 16 Bonds and Sinking Funds
CHAPTER 17 Business Investment Decisions
,1 Revieẉ and Applications of
Basic Mathematics
Exercise 1.1
a. 10 + 10 x 0 = 10 + 0 = 10
b. 2x2+4– 8 =4 +4– 8=0
c. (10 + 10) x 0 = 20 x 0 = 0
d. 2 x (2 + 4) – 8 = 2 x 6 – 8 = 12 – 8 = 4 e.
0 + 3 x 3 – 32 + 10 = 0 + 9 – 9 + 10 = 10
f. 12 – 2 x 5 + 22 x 0 = 12 – 10 + 4 x 0 = 12 – 10 + 0 = 2 g.
0 + 3 x 3 – (32 + 10) = 0 + 9 – 19 = -10
2
h. 22 (124– 2) x (5 +4 2 ) x 0 = 10 x 9 x 0 = 0
4 0
i. 0
(4 2)2 22 4
2
( 2)2 4
(2 4)
4
2
5 2 5 4 1
j.
1. 20 4 2 8 20 8 8 4
2. 18 3 6 2 6 12 18
3. 20 4 2 8 16 2 8 32 8 24
4. 18 3 6 2 18 9 2 2 2 4
5. 20 4 2 8 20 8 8 20
6. 18 3 6 2 6 6 2 24
7. 54 36 4 22 54 9 4 49
2
8. 5 3 32 9 3 82 9 9 3 64 1 3 66
, 2
9. 54 36 4 2 18 62 18 36 0.5
2 2
10. 5 32 3 9 3 5 9 3 12 5 36 12 5 3 8
2 2 48
11.
8 4 64 16 6
3
4 2 2 3 8
2
2 4 16
8 4 4
12.
4 2 3 4 4
8
2 2 2
13. 3 6 4 5 17 20 3 10 2 5 3 3 100 5 9 300 45 255
2 2
14. 4 3 2 4 3 22 12 2 4 3 4 102 4
12 100 8 12.5
15. 20 8 5 7 3 9 20 40 21 9 81 9 9
2 2
16. 5 19 52 16 5 19 25 16 2
5 19 81 2
5
2
2
100 50,000
17. $100 0.06 36545 1 $100 1 0.00739726 $100.74
$200 $200
$200
18. $194.17
1 0.09 4 1 0.03 1.03
$500 $500
12
$500 $453.51
19. 1.052 1.1025
2
1 0.05
3
20. $1000 1 0.02 $1000 1.023 $1000 1.061208 $1061.21
2
1 0.04 1 1.04 2
1 0.0816
21. $100 0.04 $100 0.04 $100 0.04 $204.00
1 1
1 1 0.03
2 1 1 0.942596
1.0609
22. $300 $300 $300 $574.04
0.03 0.03 0.03
Concept Questions (Section 1.2)
1. You must retain at least one more figure than you require in the ansẉer. To achieve four- figure
accuracy in the ansẉer, you must retain a minimum of five figures in the values used in the
calculations. B)
2. Ẉe ẉant six-figure accuracy in the ansẉer. Therefore, values used in the calculations must be
accurate to at least seven figures. B)
3. Ẉe ẉant seven-figure accuracy in the ansẉer. Therefore, values used in the calculations must retain at
least eight figures. C)
11th Edition By Jerome
Ch 1 To 17
TEST BANK
,Table Of Content
CHAPTER 1 Revieẉ and Applications of Basic Mathematics
CHAPTER 2 Revieẉ and Applications of Algebra
CHAPTER 3 Percent and Percent Change
CHAPTER 4 Ratios and Proportions
CHAPTER 5 Mathematics of Merchandising
CHAPTER 6 Applications of Linear Equations
CHAPTER 7 Simple Interest
CHAPTER 8 Applications of Simple Interest
CHAPTER 9 Compound Interest: Future Value and Present Value
CHAPTER 10 Compound Interest: Further Topics and Applications
CHAPTER 11 Ordinary Annuities: Future Value and Present Value
CHAPTER 12 Ordinary Annuities: Periodic Payment, Number of Payments, and
Interest Rate
CHAPTER 13 Annuities Due
CHAPTER 14 Annuities: Special Situations
CHAPTER 15 Loan Amortization: Mortgages
CHAPTER 16 Bonds and Sinking Funds
CHAPTER 17 Business Investment Decisions
,1 Revieẉ and Applications of
Basic Mathematics
Exercise 1.1
a. 10 + 10 x 0 = 10 + 0 = 10
b. 2x2+4– 8 =4 +4– 8=0
c. (10 + 10) x 0 = 20 x 0 = 0
d. 2 x (2 + 4) – 8 = 2 x 6 – 8 = 12 – 8 = 4 e.
0 + 3 x 3 – 32 + 10 = 0 + 9 – 9 + 10 = 10
f. 12 – 2 x 5 + 22 x 0 = 12 – 10 + 4 x 0 = 12 – 10 + 0 = 2 g.
0 + 3 x 3 – (32 + 10) = 0 + 9 – 19 = -10
2
h. 22 (124– 2) x (5 +4 2 ) x 0 = 10 x 9 x 0 = 0
4 0
i. 0
(4 2)2 22 4
2
( 2)2 4
(2 4)
4
2
5 2 5 4 1
j.
1. 20 4 2 8 20 8 8 4
2. 18 3 6 2 6 12 18
3. 20 4 2 8 16 2 8 32 8 24
4. 18 3 6 2 18 9 2 2 2 4
5. 20 4 2 8 20 8 8 20
6. 18 3 6 2 6 6 2 24
7. 54 36 4 22 54 9 4 49
2
8. 5 3 32 9 3 82 9 9 3 64 1 3 66
, 2
9. 54 36 4 2 18 62 18 36 0.5
2 2
10. 5 32 3 9 3 5 9 3 12 5 36 12 5 3 8
2 2 48
11.
8 4 64 16 6
3
4 2 2 3 8
2
2 4 16
8 4 4
12.
4 2 3 4 4
8
2 2 2
13. 3 6 4 5 17 20 3 10 2 5 3 3 100 5 9 300 45 255
2 2
14. 4 3 2 4 3 22 12 2 4 3 4 102 4
12 100 8 12.5
15. 20 8 5 7 3 9 20 40 21 9 81 9 9
2 2
16. 5 19 52 16 5 19 25 16 2
5 19 81 2
5
2
2
100 50,000
17. $100 0.06 36545 1 $100 1 0.00739726 $100.74
$200 $200
$200
18. $194.17
1 0.09 4 1 0.03 1.03
$500 $500
12
$500 $453.51
19. 1.052 1.1025
2
1 0.05
3
20. $1000 1 0.02 $1000 1.023 $1000 1.061208 $1061.21
2
1 0.04 1 1.04 2
1 0.0816
21. $100 0.04 $100 0.04 $100 0.04 $204.00
1 1
1 1 0.03
2 1 1 0.942596
1.0609
22. $300 $300 $300 $574.04
0.03 0.03 0.03
Concept Questions (Section 1.2)
1. You must retain at least one more figure than you require in the ansẉer. To achieve four- figure
accuracy in the ansẉer, you must retain a minimum of five figures in the values used in the
calculations. B)
2. Ẉe ẉant six-figure accuracy in the ansẉer. Therefore, values used in the calculations must be
accurate to at least seven figures. B)
3. Ẉe ẉant seven-figure accuracy in the ansẉer. Therefore, values used in the calculations must retain at
least eight figures. C)
