Percents and Tax
Express 7/8 as a percentage
87.5%
You deposit $3000 dollars in a savings account which has an interest rate of 3%. What is the interest after the third year?
$270
You deposit $4000 in a savings account which has an interest rate of 5%. Find the amount of money after 5 years subject to compound interest.
$5105.13
Find the present value given
Future value: $6500
Time: 6 years
Interest Rate: 3.5%
$5,371.90
Find the annual yield of an account that has a 10% interest rate compounded daily.
10.5%
Express 24.5% as a decimal
0.245
You deposit $1200 into a savings account that has an interest rate of 2.5%. Find the interest after 6 months.
$15
You deposit $15000 into a savings account that has an interest rate of 4%. Find the amount in the account after 30 years subject to compound interest.
$48650.96
Find the present value given
Future value: $9000
Time: 2 years
Interest Rate: 5%
$8,181.82
Find the annual yield of an account that is compounded quarterly at 3%.
3.03%
Suppose the local sales tax rate is 10% and you purchase groceries for $75. How much tax is paid on the groceries?
$7.50
A loan of $2500 has been made at 7% interest rate. Find the loans future value in 4 years.
$3,200
Determine how much is in a savings account after 6 years given that you invest $8000 at 5% per year compounded continuously.
$10,798.87
Find the present value given
Future value: $6500
Time: 6 years
Interest Rate: 3.5%
Compounded: Monthly
$5271.70
Find the number of years given the following:
Future value: $8000
Present Value: $2000
Interest Rate: 6%
50 years
Suppose the local sales tax rate is 10% and you purchase groceries for $75. What is the total price for the groceries after the sales tax is applied?
$82.50
A loan of $3000 has been made at 5.5% for three months. Find the loans future value.
$3041.25
You deposit $7500 in a savings account that has a 2% interest rate. The interest is compounded quarterly. Find the amount in the account after 20 years.
$11,177.54
Find the present value given
Future value: $12000
Time: 10 years
Interest Rate: 5%
Compounded: Semiannually
$7321.54
Find the interest rate given the following:
Future value: 9500
Present Value: 1000
Years: 15 years
57%
A computer has an original price of $1500 and is on sale at 25% off. What is the price of the computer after the sale?
$1,125
A loan of $7000 has been made at 12%. Find the future value of the loan after 5 years and the amount of interest.
$11,200
Interest: $4,200
You deposit $45,000 in a savings account that has an interest rate of 8%. The interest is compounded monthly. Find how much you will have after 10 years. Also find the interest gained.
$99,883.81
Find the present value given
Future value: $105000
Time: 20 years
Interest Rate: 2%
Compounded: Daily
$70,384.38
Find the interest rate given the following:
Future value: $2,000,000
Present Value: $100,000
Years: 40 years