Banking

Working alone at their respective constant rates, A can complete a task in ‘a’ days and B in ‘b’ days. They take turns in doing the task with each working 2 days at a time. If A starts they finish... more

A container contains 64 liters of pure milk. A replacement process takes place three times. A person takes out 16 liters of milk from the container and replaces it with 16 liters of water. Then 16... more

(a) A geometric series has first term a and common ratio r. Prove that the sum of the first n terms of the series is: a(1-rn)/(1-r).Mr. King will be paid a salary of £35 000 in the year 2005. Mr.... more

Mergers and Acquisitions create synergies. Critique this statement in view of the recent merger of CBA and NIC Bank to form NCBA Bank and the takeover of National Bank of Kenya by KCB Bank Group.

The total finance charge is $861.43. Payments are due monthly. The daily rate is 0.028082. The first payment due date is 4/30/20. The payment is at the end of each month.

In this scenario you have $5000 to invest and you want to know which of the following investment situations will give you the most money at the end of 5 years. The interest rate for all the... more

Jane Roznowski wants to invest some money now to buy a new tractor in the future. If  she wants to have ​$325,000 available in 6 years, how much does she need to invest now in a CD paying 4.85%... more

This is a multiple choice question and the alternatives are as follows a. a form used to list money deposited b. a written record of cash spent  c. a deduction for handling an account d. the amount... more

A bank has loaned out $500,000, part of it at 6% per annum and the rest of it at 11% per annum. If the bank receives $43,750 in interest each year, how much was loaned at 6%?

David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests.    SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years   CBCO BANK -4%... more

what are non-banking financial institutions? Give five examples of such institutions in your country.

19 dimes; checks, $75.00, $96.48, and $32.15. Find the total deposit.Must show all work for it.

You place $800 in an account that earns 4% annual interest, compounded annually. How long will it be until you have $2000?

Can The bank prove I made a money order? I threw away the receipt a while ago but got a call from the hospital saying they did not receive the payment yet. I did pay it, and I did it right in front... more

On February 2, you receive your bank statement showing a balance of $2,844.43. Your checkbook shows a balance of $2,964.77. Outstanding checks are $152.43, $342.05, and $95.10. The account earned... more