Simple Interest
Find the simple interest earned for the principal of $2,000 at and 8% rate for 5 years.
$800
How do I calculate the % off of an original price?
Original Price X % as a decimal
A store pays $1.50 for a bag of candy. If the store wants to mark-up the price 60%, for how much will the store sell the bag of candy?
$2.40?
The TV you bought was $900 and the sales tax was 10%, what was the total cost of the TV?
$990?
If Joe earns $120 interest in 5 years on money that was invested at 6%, find the original principal.
$400
Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.
$270
You want to buy a shirt. The original price was $27, and the sale says 25% off. What is the sale price?
$20.25
A store pays $32.00 for each video game. The store’s percent of mark up is 75%. Which shows the retail price of the video game?
$56.00?
The shirt that you bought was $20. The sales tax was 15%, what was the final price?
$23?
Sue owes $60 in interest on a loan of $500. If the loan was borrowed for 3 years, find the simple interest rate.
4%
Find the simple interest paid on a loan of $1,500 at a rate of 19% 15 months.
$356.25?
You want to buy some groceries. There is a coupon that offers a 15% discount on your total bill. Your bill comes to $76. How much will you pay for your groceries (sale price)?
$64.60
Mrs. Allison buys Gucci bags wholesale for $28.00 and marks them up 900% to sell on her online store, what is the selling price of the bags?
$280.00?
The pair of pants at Moore's is $80, and the sales tax is 20%. Calculate the final price.
$96.00?
Emily borrows $1,200 from a bank with 8% simple interest per year. What is the total amount she will have to pay back in 2 years?
$1392
Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.
$2315.63?
A bracelet that regularly sells for $44 is on sale for 25% off. Find the sale price (discounted price) of the bracelet.
$33.00
A computer store used a markup rate of 40%. Find the selling price of a computer game that costs $25.
$35.00?
The new Nintendo game costs $70. The sales tax was 5%, what was the total cost?
$73.50?
A business takes out a loan of $10,000 at a rate of 7.5%. What is the total amount the business will repay if the loan is for 8 years?
$16,000
Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.
$6.75?
A discounted price means the price has..
Decreased
A notebook is on sale for $1.50 with a 20% mark up. What is the sale amount?
$1.80?
The new Samsung 9 phone costs $500, and has a sales tax of 15%. What is the final price?
$575.00?
Find the principal invested if $178 interest was earned in 2 years at an interest rate of 4%.
$2,225