Commission/Simple Interest

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

• $225.00
• $250.00
• $125.00
• $230.00

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

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

• $45.00
• $48.00
• $53.00
• $40.00

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Compute the sales commission:
Amount $234.00
Rate 11%

• $25.74
• $35.82
• $28.63
• $21.40

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

What is 82% As a decimal?

• 8200
• 820
• 0.082
• 0.82

Tags

CCSS.7.RP.A.3

What is commission?

• An answer to a question

• A percent

• A percentage you earn from your total sales.

• An amount compared to 100.

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

• fraction
• decimal
• ratio
• dollar amount

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The simple interest formula is I=PRT. The P represents the principal. The principal is ___________________.

• the amount of money borrowed, deposited, or invested

• the percent interest for his year

• the amount taxed

• the amount the bank owes you for being a customer at their bank

Tags

CCSS.HSA.SSE.A.1

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

• 4
• 8
• 12
• 16

Tags

CCSS.6.RP.A.3C

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

• $800
• $1,000
• $1,200
• $1,500

Tags

CCSS.7.RP.A.3

The simple interest formula is I=TPR. What does the t represent?

• Principle

• Interest

• Time, in hours

• Time, in years

Tags

CCSS.7.EE.B.4

CCSS.7.RP.A.3