College Math

d. Sunday, $ 2.97 Question 2: The equity shares of the company Pony International at the end of 2012 were trading at $150. The value of the shares increased by 12% during the year 2013. In the year 2014, the value decreased by 10%. How much is a share of Pony International worth at the end of 2014? a. 168 b. 153 c. 147.70 d. 151.20 Question 3: The cost price of 10 balls is equal to the selling price of 11 balls. Calculate the profit or loss percent. a. Loss 10% b. Gain 10% c. Gain 15% d. Loss 10% Question 4: Mary invested $5,000 in a savings account that becomes $6539.96 after 6 years. If interest was paid on a quarterly basis, what was the interest rate? a. 4.5% b. 5% c. 4% d. 5.5% Question 5: Joe needs a home loan and approaches two banks- Bank of America and Bank of Canada. Bank of America offers him the loan at 8% per year while Bank of Canada offers him the loan at 7.8% compounded quarterly. Which bank charges a lower effective rate of interest from Joe and how much?

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