QRB 501Test Prep | LATEST VERSION

QRB 501Test Prep 1 Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent. Markup = $16.15; Selling price = $95.00. Find the cost. Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year. 3 A number increased from 2553 to 5955 . Find the amount of increase. 4 The following test scores were recorded for a student: 79, 74, 72, 68, 74, 60, 70. Find the mean, median, and mode. 5 Find the maturity value of a loan of $6787 after 4 months. The loan carries a simple interest rate of 14% per year. 6 Jorge makes a simple discount note with a face value of $6000.00, a term of 240 days, and a 10% discount rate. Find the discount. 7 Central Airlines offers a trade discount series of 30/35/10 for frequent flyers. If a round-trip airline ticket is $683, what is the net price? Use the net decimal equivalent to find the net price. Round to the nearest cent. 8 Enrique borrowed $3600 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years. Use the formula I = prt to find the amount of interest he will pay on the loan.