Simple Interest
The formula to calculate a simple interest loan.
What is Interest = Principal * rate * time
The n representation in the compound formula:
B=P(1+ r/(n))^(nt)
What is the number of times compounding in one year?
A suit is priced at $232.00 and the sales tax rate is 4%. What is final price of the suit (including the sales tax)?
What is $241.28?
Convert the following to a decimal:
3frac{1}{5}%
0.032
The interest John earns after he deposits $775 in an account that pays 1.24% simple interest for 4 years, rounded to then nearest cent.
What is $38.44 in interest?
Samantha deposits $3700 in a certificate of deposit that pays 1.8% interest, compounded annually. If no deposits are withdrawals are made, what is Samantha's ending balance after 1 year?
$3766.60 is the ending balance
A shirt was originally priced at $30.00. The store is having a 30% off sale. How much will you pay for the shirt after the discount (not including tax)?
A $30.00 shirt marked 30% off will cost ____ before tax.
What is $21.00?
Convert the following to a percent:
0.246
24.6%
The number of years Bill leaves money in an account if he deposits $775 that pays $19.22 interest at a rate of 1.24%.
What is 2 years?
Tasha deposits $5100 in a money market account that pays 1.91% interest, compounded monthly. If no deposits are withdrawals are made, what is Tasha's ending balance after 3 years? Round your answer to the nearest cent.
$5400.52
At a restuarant, the bill comes to $37.01. If you decide to leave a 19% tip, what is the total amount you will pay?
The total amount you will pay is
What is $44.04
Put the following in order from smallest to largest:
0.67, 2/5, 2/3, 0.42, 4/7
2/5, 0.42, 4/7, 2/3, 0.67
The amount of money Tammy must deposit into an account that pays 8.8% simple interest if she leaves it in the account for 5 years.
What is $350.
The amount of interest Jason earns in 5 years if he deposits $6350 quarterly at an APR of 2.1%, compounded quarterly, rounded to the nearest penny.
What is $701.08 interest earned.
The cost of a new home is $214,000.00 and the bank requires a 5.8% down payment.
What is the amount that will need to be borrowed from the bank after the down payment is paid (also known as the "mortgage amount")?
What is $201,588
Solve for x.
−8 = −(x + 4)
x=4
The APR needed to earn $24.73 in interest if Sergio deposited $415 and left it there for 4 years.
What is 1.55% ?
The APY for an account if Shelly deposits $1000 that compounds daily at an APR of 1.35% leaving it in the account for 10 years, rounded to the nearest hundredth of a percent?
What is 1.45% APY?
Enrollment at a local charter school was reported at 1051 students after a 5% decrease. What was the enrollment before the decrease?
Round your answer to the nearest whole student.
What is 1,106 Students?
Solve for x.
3x − 5 = −8(6 + 5x)
x=-1