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What payment must be made on june

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Q1) An invoice for $2600.00, dated June 2, with terms 3/10, 1/30, n/60, was received on June 10. What payment must be made on June 11 to reduce the debt to $1250?

a) 1309.50

b) 1300

c) 1299

d) 1359

Q2) In how many months will $3500 grow to $4845.94 at simple interest rate of 7.25% p.a.?

a) 60 months

b) 74 months

c) 64 months

d) 63 months

Q3) CloudTrust Limited has a monthly payroll of $6 million. They choose to make a short-term investment in an account with a simple interest 0.9% rate. At the end of the month, what is the maturity value of the deposit?

a) 6005400

b) 600450

c) 604500

d) 60045000

Reference no: EM133090590

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