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Consumer Mathematics

Linear equations: Word problem. Bill owns a bike company, and wants to know how many bicycles and tricycles he should manufacture, with no leftovers, and how many boxes of seats he will order. (details given in actual problem)

Bill runs Bill's Big Bikes, a company that manufactures bicycles and specialty adult-sized tricycles. The bicycles and tricycles use the same-sized wheels and identical seats. Right now, Bill has 68 wheels in the shop and needs to order seats. Unfortunately, the company that supplies the seats will only ship seats in boxes of

Value of a loan

PV = $434000.00, N = 360, PMT = $3991.81, I/Y = 10.57%. If this 30 yr. loan is paid off in 10 yrs. with a balloon payment of $398,025.92. What would this currently 10 57% loan turn out to be? Or what would this $434,000.00 investment return be, with a return of 120 payments of $3991.81, which would return $479,017.20 (shou

Fractions differences in algebra

Context:It would normally follow on from work on sequences and fractions. Question: Ruth was investigating fraction differences. She wrote down this sequence of fractions: 1/1, 1/2, 1/3, 1/4, 1,5 1,6 .. .. Then she worked out the difference between the consecutive fractions: 1/2, 1/6, 1/12, 1/20, 1/30, .. .. She Then worked o

A fraction word problem.

Sam and Mary each owned one-half of the stock in a printing company. Sam sold two-thirds of his stock to Mary. What fractional part of the printing business does Mary now own?