Earning a paycheck
Christine is a cashier and earns $11.40/hour. She worked 36 hours this week.
Christine would earn $410.40.
What is the simple interest earned on $1000.00 that earns 6% interest for 10 years.
I = 1000 x 0.06 x 10
I = $600.00
Determine the sales price for a bag that costs $49.95 that is on sale for 40% off.
discount = $49.95 x 40/100 = $19.98
sale price = $49.95 - $19.98 = $29.97
What is the monthly loan payment?
$362.68
Tracy is a server in a restaurant and earns $9.90/hour. She work 40 hours this week.
Tracy would earn $396.00.
What is the simple interest earned on $2500.00 that earns 3.5% interest for 24 months.
I = 2500 x 0.035 x 2 (Remember that t must be in years!)
I = $175.00
Determine the sales price on a bike that usually costs $249.95 but is on sale for 25% off.
$249.95 x 25/100 = $62.49
$249.95 - $62.49 = $187.46
How much in total do you end up paying over the four years?
$362.68 x 48 = $17408.64
Gurpreet works for a snow removal company and earns $15.80/hour. He worked 50 hours this week.
Gurpreet would earn $837.40.
What is the simple interest earned on $10 000.00 that earns 4% interest for 3.5 years.
I = 10 000 x 0.04 x 3.5
I = $1400.00
Mayonaise sells for $4.99 for a 890 ml bottle. Determine the unit price.
$0.0056/ml
How much interest did you end up paying?
$17408.64 - $15000 = $2408.64
Carl works as a salesperson in an appliance store and earns $300 per week plus 8% commission. His sales total for this week were $7800
Carl would earn $924.00.
Determine the amount of the investment on $1000.00 that earns 6% simple interest for 10 years.
A = 1000 + 600
A = $1600.00
$0.0107/g
If you changed the term of the loan to three years, what is the new monthly payment?
$466.59
Gurvir earns 6% straight commission as a real estate agent. She was involved in the sale of a home this week that sold for $330 000.
Gurvir would earn $19 800.00.
Determine the amount of the investment on $10 000.00 that earns 4% simple interest for 3.5 years.
A = 10 000 + 1400
A = $11 400.00
How much, in total, do you end up paying if you paid off the loan in three years?
$466.59 x 36 = $16797.24