Doan 2nd Block Lessons 10-11

Enrique takes out a student loan to pay for his college tuition this year.  Find the interest on the loan if he borrowed $2,500 at an annual interest  rate of 6% for 15 years.

• $2,250
• $22,500
• $225,000
• None of the Above

Your family plans to start a small business in your neighborhood.  Your father borrows $10,000 from the bank at an annual interest rate of 8% rate for 36 months.  What is the amount of interest he will pay on this loan?

• 800
• 2,400
• 28,800
• 576,000

Tags

CCSS.7.RP.A.3

Mr. Rodriguez invests $2,000 in a savings plan.  The savings account pays an annual interest rate of 5.75% on the amount he put in at the end of each year.  How much will he have in interest after 10 years?

• 1,150
• 11,500
• 2,500
• 23,000

Mr. Rodriguez invests $2,000 in a savings plan.  The savings account pays an annual interest rate of 5.75% on the amount he put in at the end of each year.  How much money will be in his savings plan at the end of 10 years? (Hint: This is IN ALL not just the interest.)

• 1,150
• 11,500
• 3,150
• 12,65

Tags

CCSS.HSF.BF.A.2

Erica's parents gave her $500 for her high school graduation.  She put the money into a savings account that earned 7.5% annual interest.  She left the money in the account for nine months before she withdrew it.  How much interest did the account earn?

• 28.13
• 281.25
• 528.13
• 781.25

Tags

CCSS.7.RP.A.3

Erica's parents gave her $500 for her high school graduation.  She put the money into a savings account that earned 7.5% annual interest.  She left the money in the account for eighteen months before she withdrew it.  How much interest did the account earn?

• 675
• 6,750
• 56.25
• 75

Erica's parents gave her $500 for her high school graduation.  She put the money into a savings account that earned 7.5% annual interest.  How many years and months would she have to leave the money in the account if she wants to reach her goal of having $750 in her savings account?

• 277 years and 7 months
• 37 years and 6 months
• 2 years and 0 months
• 6 years 8 months

A school district's property tax rate rises from 2.5% to 2.7% to cover a $300,000 budget deficit (shortage of money).  What is the value of the property in the school district to the nearest dollar?

• 60,000
• 6,000
• 150,000,000
• 1,500,000

Sarah lost her science book.  Her school charges a lost book fee equal to 75% of the cost of the book.  Sarah received a notice stating that she owed the school $60 for the lost book.  How much did the school pay for the book?

• 80
• 45
• 105
• 85

Sarah lost her science book.  Her school charges a lost book fee equal to 75% of the cost of the book.  Sarah received a notice stating that she owed the school $60 for the lost book.  Write an equation to show the proportional relationship between the school's cost, W, and the amount a student must pay for  a lost book, P.

• P = 0.60 W
• P = 0.06 W
• P = 0.75 W
• P = 0.075 W