A savings bank offers 3.25% pm 1-year time deposits....

[zhyia]

what about this problem?

A savings bank offers 3.25% pm 1-year time deposits. If you place 900 in an account, how much wil you have at the end of the year?

900/325 for one year deposit=29.25

900+29.25=929.25 will be the account balance at the end of that year

 

[Denis]

Re: Business and Finance word problems (cost of food)

If the total bill at a restaurant for 10 people is $572.89, including an 18% tip, what was the cost of the food?

food plus 18% of food = 572.89 ; f = food:
f + .18f = 572.89
f(1 + .18) = 572.89
f(1.18) = 572.89
f = 572.89 / 1.18
f = 485.50

Go through those steps for all similar problems and you'll be a good waitress!