Commission/Simple Interest

Front

Compute the sales commission:
Amount $4,500.00
Rate 5%

Back

$225.00

Front

Compute the sales commission:
Amount $1,600.00
Rate 3%

Back

$48.00

Front

Compute the sales commission:
Amount $234.00
Rate 11%

Back

$25.74

Front

What is 82% as a decimal?

Back

0.82

Front

Commission

Back

A percentage you earn from your total sales.

Front

Convert the rate given as a percent (%) to a ______ before using it in the simple interest formula.

Back

decimal

Front

The principal in the simple interest formula I=PRT is:

Back

the amount of money borrowed, deposited, or invested

Front

Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?

Back

12

Front

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

Back

$1,200

Front

What does the t represent in the simple interest formula I=TPR?

Back

Time, in years