Archive for the 'Mathematics' Category
What is the dollar amount of the down payment the bank required?
Monday, June 16th, 2008
Deedee T asked:
When the Griswold’s found the current house they where they reside, they were certain they had found their paradise. They were especially pleased with the negotiated price of $82,500.00. The bank agreed to lend them 80% of the negotiated price. The bank offered a fixed rate of 5.25%.
When the Griswold’s found the current house they where they reside, they were certain they had found their paradise. They were especially pleased with the negotiated price of $82,500.00. The bank agreed to lend them 80% of the negotiated price. The bank offered a fixed rate of 5.25%.
How much money did each player start with?
Tuesday, April 15th, 2008
Jeffrey Z asked:
Al, Bob and Charlie decide to play poker. They agree that when a player
loses a hand, he will pay each of the others an amount equal to the amount
each player already has. Al loses the first hand and pays Bob and Charlie
the amount of money each has. Bob loses the second hand and pays Al and
Charlie the amount of money each has. Charlie loses the third hand and pays
Al and Bob the amount of money each has. At this point, each player has
$8.00.
Al, Bob and Charlie decide to play poker. They agree that when a player
loses a hand, he will pay each of the others an amount equal to the amount
each player already has. Al loses the first hand and pays Bob and Charlie
the amount of money each has. Bob loses the second hand and pays Al and
Charlie the amount of money each has. Charlie loses the third hand and pays
Al and Bob the amount of money each has. At this point, each player has
$8.00.