Equations
What does the P stand for in the simple interest equation?
Principal
Mr. Kariotakis invests $5,000. What is the interest earned over a 6 year period at a rate of 2.5%?
$750.00
Isabelle buys a new Tesla for $75,000 and finances the purchase. How much will she actually pay for the car after making payments for 3 years with an interest rate of 2.9%?
$81,525.00
Brandon takes the 5th period Math Lab class out to lunch. The bill comes to $580.00. He leaves a nice 25% tip and puts it on his American Express Gold Card. What is the total amount Brandon paid for lunch?
$725.00
Leo buys an outfit from The Gap for $175.00. They are having a 25% off sale today. Was is the discounted price that Leo pays for the outfit?
$131.25
What does the t stand or in the simple interest equation?
time (in years)
Adrian invests $20,000 in an account earning 3% interest annually. How much is his investment worth at the end of 8 years?
$24,800.00
Thomas purchases a Lambo for $325,000. How much interest will he pay over 6 years at an interest rate of 3.5%?
$68,250.00
Leila went to McDonald's and her meal cost $7.85 plus tax. The tax on the meal is 7%. How much did she pay in total?
$8.40
Myla buys the Harry Potter series of books. Barnes and Noble is running a 20% off sale on all purchases. The regular price for the books is $89.95. How much money does Myla save on her purchase?
$17.99
What is the equation for finding simple intereset?
I=Prt
Kaylee invests $7500 in a savings account that earns 0.8% annually. How much interest does she earn after 20 years?
$1,200.00
Madison buys a Hummer for $85,500. He pays off the car in 5 years with an interest rate of 0.9%. What is the actual total amount that she pays for the car?
$89347.50
Dylan bought a new Justin Fields jersey for $125.00. The tax is 8.5% on the purchase. How much was the total amount he spent on the jersey?
$135.63
Mr. Wallin buys a new putter at PGA Superstore for $899.00. The tax on the purchase is 5.5%. What is the total cost of the purchase?
$948.45
What does the r stand for in the simple interest equation?
rate
Maddie invests $1,250 at an interest rate of 4.5%. How much interest does she earn in 6 months?
$28.13
Paris buys a Porsche Boxster for her 16th Birthday. The sticker price on the car is $78,000. How much interest will she pay over 5 years at a rate of 1.5%
$5,850.00
How much is the tax on a $325 purchase that Anisa made at Aeropostale if the tax rate is 6.75%?
$21.94
Tori works at H&M. The wholesale cost of a pair of jeans is $45 with a markup of 35%. How much will the price tag read for the jeans?
$60.75
Interest
Vanessa invests $25,000 for 12 years with an interest rate of 2.75%. How much is in the account at the end of 12 years.
$33,250.00
Ari buys a Land Rover Discovery for $89,500. She pays 3.9% interest annually over 6 years. How much interest does Ari accumulate?
$20,943.00
Icela took some friends out to dinner at Panda Express. The bill was $32.65 plus tax, which was 7%. How much was the total bill after tax?
$34.94
Gabbie and Andrea go on a shopping spree at American Eagle. Gabbie buys a couple outfits that cost $350 but are discounted 30%. Andrea buys three outfits that cost $575 and are on sale for 40% off. What do the girls pay COMBINED for their outfits if the tax rate is 9%? Hint: take the discounts first then factor in the tax
$643.10