Simple Interest
Percent of Change
Checkbook
Discount
Tax/Tip
100
What is the formula for simple interest?
I=PRT
100
What is the formula to calculate the percent of change?
100
What word means to subtract money from your account?
withdraw
100
A discount will ______ from your purchase.
subtract
100
Taxes and tips _____ to your purchase.
add
200
You are starting your own small business. You borrow $10,000 from the bank at a 12% rate for 5 years. Find the interest you will pay on this loan.
$6,000
200
Troy shot an 86 on the golf course on Monday. On Friday, he shot a 95. What is the % of change?
10.47%
200
What word means to add money to your account?
Deposit
200
Benjamin purchased a $98.00 jacket that was discounted 30%. How much did Benjamin spend on the jacket?
$68.60
200
Amanda bought $48.50 worth of groceries. If there is a sales tax of 4.5%, how much sales tax does she pay?
$2.18
300
You get a student loan from the Virginia Educational Assistance Foundation to pay for your education-related expenses this year. Find the interest on the loan if you borrowed $5,000 at 8% for 18 months.
$600
300
Nicole became a famous architect. She made $90,000 in 2004. In 2005 she made $120,000. What is the percentage of increase?
33%
300
The balance in your account is $521. You then deposit $23 into your account. What is your new balance?
$544
300
Aunt Karin always gives Jessica $10 for her birthday. Next year, she plans to give Jessica 20% more than she usually gives. How much will Jessica get for her birthday next year?
$12.00
300
So you and a friend go out to dinner, your treat! You both get your own $12.00 meal, soda for $2.99, and desert for $5.25. How much would a 20% tip be?
$8.10
400
Mr. Gail is depositing $4,500 (principal) into his bank at an interest rate of 4% for 3 years. What is his ending balance?
$5040
(Simple Interest = 540/ Principal + Interest)
400
Melody became a great singer. She was so famous she had 12 body guards at one concert. At the next concert she had 15 body guards. What is the percent of change?
25%
400
Shane had $421 in his checking account. He made a withdrawal and his new balance is $173. How much money did he withdraw?
$248
400
T-shirts are on clearance for 40% off. Jennifer buys five t-shirts that normally cost $16 each. What is the total Jennifer saves on the five t-shirts?
$32.00
400
You stop at Target to get your 5 favorite teachers a present. Each present cost $10.16. Sales tax is 5.3%. What is the total you spent at Target?
$53.42
500
Ms. Layne is depositing $8,425 (principal) into her bank at a simple interest rate of 3 ½% for 2 years. What is the ending balance?
$9,014.75
500
Monique became a famous doctor. She took out 15-gall bladders on May 15th. She took out 30 on May 18th. What is the % of change?
100%
500
William started the week with $284.28 in his checking account. He withdrew $40 from the ATM and uses his debit card for $48.39 for groceries. He also uses his gas card at the gas station, spending 30.27 to fill his car with gas. At the end of the day, how much money does William have in his checking account?
$165.62
500
You found a coupon for 33.3% off your purchase at Old Navy. So you buy 3 shirts at $9.79 each, 2 pairs of jeans for $35.35 each, and a pair of socks for $4.75. How much did you spend at Old Navy?
$69.91
500
You and a friend go to Red Lobster for dinner. Your meal comes to $53.47 before tax. Tax is 7.5% and you want to leave a 20% tip. How much will you pay for the total meal?
$68.17 with 20% before taxes
$68.98 with 20% after taxes