cueprepASVAB Money, Ratios & Proportions — Worked Examples Flashcards
Master 10 money, ratios & proportions — worked examples concepts for the ASVAB.
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Question
You deposit $1,000 in an account paying 5% interest compounded annually. Which calculation correctly determines the balance after 2 years?
Question
An item's price is increased by 20%, then the new price is decreased by 20%. Analyze the final price relative to the original.
The final price is the original price because the percentage decrease is calculated on a amount than the increase was.
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