Module 2 Assessment (7th Pd.)

If the sales tax rate is 8%, how much sales tax would you pay on a $200 purchase?

• $12

• $16

• $18

• $20

Calculate the simple interest earned on a principal of $500 at an interest rate of 5% per year for 3 years.

• $75

• $80

• $85

• $90

• 8

• 9

• 10

• 11

Convert 45% to a decimal.

• 0.045

• 0.45

• 4.5

• 0.0045

A car's price increased from $20,000 to $22,000. What is the percent of change?

• 5%

• 10%

• 15%

• 20%

If a $150 item is subject to a 7% sales tax, what is the total cost of the item including tax?

• $155.50

• $157.50

• $160.50

• $161.00

Find the simple interest on a loan of $1,200 at an annual interest rate of 6% for 4 years.

• $288

• $290

• $292

• $294

• 3

• 4

• 5

• 6

Convert 12.5% to a decimal.

• 0.0125

• 0.125

• 1.25

• 12.5

A bicycle was originally priced at $300 two months ago. It now sells for $240. What is the percent of change?

• 15%

• 20%

• 25%

• 30%