WorksheetsYear 9 HAP Week 2 HS
Total questions: 10
Worksheet time: 10mins
Principal = $500
Interest Rate = 5%
Time = 5 years
What is the interest earned?
$95
$125
$105
$135
Dan borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
$150
$1350
$192
$1392
Determine the amount after 6 years if $3200 is compounded quarterly at 10.7%. Round to the nearest cent
(a)
Determine the amount after 15 years if $22000 is compounded annually at 9.4%. Round to the nearest cent
(a)
Peter paid $79.80 for renting a bike for 6 hours. What was the rate per hour for renting the bike?
$79.80
$6.00
$13.30
$13.31
A television that costs $360.99 is on sale for 75% off. Find the sale price of the television.
$270.74
$631.73
$27,074.25
$90.25
The shirt that you bought was $20. The sales tax was 15%, what was the final price?
$20
$22
$23
$17
Question #2
Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal?
A. 2.64%
B.3.04%
C. 3.72%
D. 4.51%
A
B
C
D
How much would an account be worth after 25 years if a principal of $5000 is deposited into an account with an interest rate of 3.75% compounded monthly?
(a)
