chapter 19 - Math 329 Ass.2 Due 8th Feb in class 1. A loan...

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Chapter Nineteen/Page 1 MULTIPLE CHOICE QUESTIONS - CHAPTER 19 1. What is the amount of interest in the second monthly payment on a $100,000 loan at 10% to be repaid a. $832.56 b. $832.96 c. $833.33 d. $874.54 2. What is the area in square yards of a concrete walk 4 feet wide built on all 4 sides of a 200 x 200 foot lot if the walk is built just inside the property lines? a. 355.56 b. 3,136.00 c. 348.44 d. 176.00 3. Assuming no waste, how many square feet of siding will it take to cover both ends of an "A-frame" house if the house is 30 feet wide and 25 feet tall? a. 375 b. 750 c. 880 d. 1,500 4. How much interest should be charged on a $10,000 loan which is paid off in one lump sum in 10 months if the interest rate is 10% simple? a. $833.33 b. $1,000.00 c. $100.00 d. $83.33 5. A small office building sold for $949,000 and the broker received a commission of $54,990. What was the broker's commission rate? a.
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chapter 19 - Math 329 Ass.2 Due 8th Feb in class 1. A loan...

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