Simple Interest, Sales tax, discount, markup

Jose deposits $1500 of his tax refund into an account that earns simple annual interest. How much interest will his account earn after 6 years at an annual interest rate of 4%?

• $360

• $1,860

• $36,000

• $37,500

Tags

CCSS.7.RP.A.3

Lizzy receives an inheritance of $4,700. She decides to invest her inheritance for 18 months at local bank with an interest rate of 3.5%. How much will her inheritance be worth after the year and a half?

• $246.75

• $4946.75

• $24,675

• $2,961

Tags

CCSS.7.RP.A.3

In a grocery store, a $12 case of soda is discounted 20%. How much will you save?

• $2.40

• $2.04

• $14.40

• $14.04

Tags

CCSS.6.RP.A.3C

If the sales tax rate is 7.25% in California, then how much would you pay in Los Angeles for a pair of shoes that cost $39.00?

• $2.83

• $41.83

• $36.17

• $46.25

Tags

CCSS.7.RP.A.3

At Olive Garden, you order a meal that costs $12.95. If you leave a 15% tip, how much tip will your waiter receive?

• $1.94

• $14.89

• $11.01

• $13.10

Tags

CCSS.6.RP.A.3C

In a bicycle store, a $500 bicycle is marked up 30%. What is the price of the bicycle after the markup?

• $150

• $650

• $350

• $530

Tags

CCSS.6.RP.A.3C

How much tip should you leave if you want to tip 23% at Applebee's on a $27.31 bill?

• $6.28
• $33.59
• $21.03

Tags

CCSS.7.RP.A.3

CCSS.7.EE.B.3

CCSS.7.RP.A.2

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

• the amount of money borrowed or deposited
• the percent interest for his year
• the amount taxed
• the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.7.RP.A.3

How much interest is earned?

$300, 5%, 2 years

• $3000.00

• $30.00

• $250.00

• $300.00

Tags

CCSS.7.RP.A.3