1.

By the condition of the will, he sum of 20,000 is left to a girl to be held in trust fund by her guardian
until it amounts to 50,000. When will the girl receive the money if the fund is invested at 8%
compounded quarterly?
2. An asset is purchased for 9,000. Its estimated life is 10 years, after which it will be sold for 1,00. Find
the book value during the third year if the sum of the year’s digit depreciation is used.
3. A machine costing P720,000 is estimated to have a life of 10 years. if the annual rate of depreciation
is 25%, determine the total depreciation using a constant percentage of the declining balance
method.
4. When compounded bi-monthly, P15,000.00 becomes P22,318.30 after 5 years. what is the nominal
rate of interest?
5. The cost of the printing equipment is P500,000.00 and the cost of handling and installation is
P30,000.00. if the book value of the equipment at the end of the 3rd year is P242,000.00 and the life
of the equipment is assumed to be 5 years, determine the salvage value of this equipment at the of
5 years.
6. A price tag of P1,200 is specified if paid within 60 days but offers a 3% discount for cash in 30 days.
Find the rate of interest.
7. What is the difference of the amount of P5,000.00 3 years from now for a 10% simple interest and
10% compound interest per year?
8. The amount of P12,800.00 in 4 years at 5% compounded quarterly is ______.
9. How many years will P100,00.00 earned a compound interest of P50,000.00 if the interest rate is 9%
compounded quarterly?
10. In buying a computer disk, the buyer was offered the options of paying P250 cash at the end of 30
days or P270 at the end of 120 days. At what rate is the buyer paying simple interest if he agrees to
pay at the end of 120 days?
11. A man borrowed from a bank under a promissory note that he signed in the amount of P25,00.00 for
a period of one year. he received only the amount of P21,915. after the bank collected the advance
interest and an additional amount of P85.00 for notarial and inspection fees. What was the rate of
interest that the bank collected in advance?
12. P4000.00 is borrowed for 75 days at 16% per annum simple interest. How much will be due at the
end of 75 days?
13. A nominal interest of 3% compounded continuously is given on the account. what is the accumulated
amount of P10,000.00 after 10 years?
14. A unit welding machine cost P45,000 with an estimated life of 5 years. Its salvage value is P2,500, find
its depreciation rate of sinking fund method. Assuming that will deposit the money to a bank giving
8.5%. Solve for the depreciation.
15. An asset is purchased for P9,000.00 its estimated economic life if 10 years after which it will be sold
for P1,000.00 find the depreciation in the first three years using straight line method.
16. A printing equipment costs P73,500 has a life expectancy of 8 years and a salvage value of P3,500.00
at the end of its life. The book value at the end of "x" years is equal to P38,500.00. Using straight line
method of depreciation, solve for the value of "x"
17. A history class has 75 members. If there is a 12% absentee rate per class meeting, find the mean of
students who will be absent from each class.
18. When 2 dice are rolled, find the probability of getting a sum greater than 8.
19. At a men’s clothing store, 12 men purchased blue golf sweaters, 8 purchased green sweaters, 4
purchased gray sweaters, and 7 bought black sweaters. if a customer is selected at random, find the
probability that he purchased a sweater that was not black.
20. The average number of years a person takes to complete a graduate degree program is 3. The
standard deviation is 4 months. Assume the variable is normally distributed. If an individual enrolled
in the program, find the probability that it will take more than 4 years to complete the program.
21. A history class has 75 members, if there is a 12% absentee rate per class meeting, find the standard
deviation of the number of students who will be absent from each class.
22. A soda machine servicer must restock and collect money from 15 machines, each one at a different
location. how many ways can she select 4 machines to service in 1 day?
23. A history class has 75 members, if there is a 12% absentee rate per class meeting, find the variance
of number of students who will be absent from each class.
24. When 2 dice are rolled, find the probability of getting a sum of 6 or 7.
25. How many different ways can 8 speakers be seated on a stage?
26. The probability that a person owns a microwave oven is 0.75, that a person owns a compact disk
player is 0.25, and that person owns both a microwave and a CD player is 0.16. find the probability
that a person owns either a microwave or a CD player, but not both.
27. The probability that a customer will buy a car and an extended warranty is 0.16. If the probability that
a customer will purchase a car is 0.30, find the probability that the customer will also purchase the
extended warranty.
28. a person selects a card from an ordinary deck of cards. if it is a black card, she wins $2. if it is a red
card between or including 3 and 7, she wins $10. if it is a red face card, she wins $25, and if it is a
black jack, she wins an extra $100. find the expectation of the game.
29. The average number of gallons of lemonade consumed by the football team during a game is 20, with
a standard deviation of 3 gallons. Assume the variable is normally distributed. When a game is played,
find the probability of using between 20 and 25 gallons.
30. Of the physics graduates of a university, 30% received a starting salary of $30,000 or more. if 5 of the
graduates are selected at random, find the probability that all had a starting salary of $30,000 or
more.
31. The average number of gallons of lemonade consumed by the football team during a game is 20, with
a standard deviation of 3 gallons. Assume the variable is normally distributed. When a game is played,
find the probability of using less than 19 gallons.
 32. the average number of years a person takes to complete a graduate degree program is 3. the standard
deviation is 4 months. assume the variable is normally distributed. if an individual enrolls in the
program, find the probability that it will take less than 3 years to complete the program.

Note: P is 0 sa Calcu
Mode 3 -> 1 -> AC -> APPS -> 7 -> 1 then 0
 33. Find the area under the standard normal distribution between 0 to 1.5.

Mode 3 -> 1 -> AC -> APPS -> 7 -> 2 then 1.5

 34. find the area under the standard normal distribution to left of z=1.36.

Mode 3 -> 1 -> AC -> APPS -> 7 -> 1 then 1.36

35. at a men's clothing store, 12 men purchased blue golf sweaters, 8 purchased green sweaters, 4
purchased gray sweaters and 7 bought black sweaters. if a customer is selected at random, find the
probability that he purchased a green or gray sweater.
36. How many ways can 5 sopranos and 4 altos be selected from 7 sopranos and 9 altos?