Chapter 6 Review

• 6%

• 34%

• 337%

• 16.7%

Matt paid $75 interest for a loan of $900 for 6 months. What was the rate of simple interest?

Remember: I = Prt

• 16.7%

• 337%

• 34%

• 6%

• $1500

• $1400

• $1200

• $1300

• 1

• 2

• 3

• 4

Mike paid $200 interest for 1 year with an interest rate of 20%. What was the principal balance of his loan?

Remember: I = Prt

• $1000

• $980

• $400

• $1200

Lisa took a loan of $1500 to buy a new car at an interest rate of 10%he paid $150 as interest. How many years did she take out a loan for?

Remember: I = Prt

• 4

• 0.5

• 2

• 1

John took a loan of $1500 to buy a new car at an interest rate of 7% for 4 years. How much did he have to pay back?

Remember I = Prt

• $1500

• $1920

• $1202

• $940

Convert 45% to a fraction and a decimal.

• Fraction: 45/100

  Decimal: 0.45

• Decimal: 4500

  Fraction: 45/50

• Fraction: 22/50

  Decimal: 4.5

• Decimal: 0.0045

  Fraction: 45/100

Convert 27% to a fraction and a decimal.

• Fraction: 27/100

  Decimal: 0.27

• Decimal: 2700

  Fraction: 27/50

• Fraction: 13/50

  Decimal: 2.7

• Decimal: 0.0027

  Fraction: 27/100

Archie bought an engagement ring for Betty. The ring usually sells for $5500 but is on sale for 15% off. What is the ring’s sale price?

• $4500
• $4000
• $6000
• $4675