Free Printable ACTIVITY 7/12

1.

The original price of a pair of shoes is $29.99 and their is a mark down of 10% because the shop is having a black friday sale. What is the sale amount of the pair of shoes?

a)

$2.99

b)

$32.99

c)

$27

2.

Sam bought an $85.00 jacket for 40% off of the regular price. How much did he pay for the jacket?

a)

75

b)

51

c)

36

d)

34

3.

What is a mark down?

a)

sale price

b)

discount

c)

mark up

d)

percent

4.

mark up

a)

an increase

b)

a decrease

5.

What is a mark down?

a)

sale price

b)

discount

c)

mark up

d)

percent

6.

mark up

a)

an increase

b)

a decrease

7.

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

a)

$7.50

b)

$26.25

c)

$87.5

d)

$262.50

8.

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

a)

$150

b)

$192

c)

$1350

d)

$1392

9.

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

a)

$800

b)

$1,000

c)

$1,200

d)

$1,500

10.

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

a)

the amount of money borrowed or deposited

b)

the percent interest for his year

c)

the amount taxed

d)

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

11.

Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?

a)

5 years

b)

8 years

c)

10 years

d)

9 years

12.

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?

a)

$4,179

b)

$417.91

c)

$133,930

d)

$41,791

13.

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned at her 21st birthday?

a)

$900

b)

$100,000

c)

$9,000

14.

You borrowed 43,800 at a SIMPLE interest rate of 4.8%. If you pay it back in 2 years, how much interest is paid pack?

a)

$464,280

b)

$85,848

c)

$4204.8

d)

$48,004.80

15.

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

a)

Principle

b)

Interest

c)

Time

d)

Percent Rate

16.

If you are calculating the simple interest and you are given the time in months. How can you find the time in years?

a)

divide 12 by the months

b)

divide the months by 12

c)

multiply 12 times the months

d)

change the months to a decimal

17.

What is 7.25% converted to a decimal?

a)

.725

b)

0.725

c)

0.0725

d)

7.25

18.

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

a)

$7.50

b)

$26.25

c)

$87.5

d)

$262.50

19.

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

a)

$100

b)

$120

c)

$180

d)

1200

20.

Calculate the interest. I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years

a)

1400

b)

1000

c)

14000

d)

14

21.

Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.

a)

14

b)

140

c)

168

d)

16.80

22.

Zed went to the store and bought a bag of chips. He estimated there would be 350 chips in the package, but realized there were only 210 chips in that package. What was his percent error?

a)

35%

b)

67%

c)

85%

d)

92%

23.

Ms. Brown estimated 70 students would try out for the Cross Country team. This year, only 63 students tried out. What was her percent error?

a)

11%

b)

50%

c)

12%

d)

1%

24.

What is the correct Percent Change equation?

Percent of change = _____

a)

$\frac{original\ amount}{amount\ of\ change}$

b)

$\frac{percent\ change}{original\ amount}$

c)

$\frac{amount\ of\ change}{original\ amount}$

d)

$\frac{original\ amount}{percent\ of\ change}$

25.

If you have a percent increase problem, your original amount gets...

a)

bigger

b)

smaller

26.

Find the percent of increase.

Original: 32

New: 50

a)

10%

b)

36%

c)

52%

d)

56%

27.

If you have a percent decrease problem, your original amount gets...

a)

bigger

b)

smaller

28.

If there are 200 people that like tea more than coffee, but that number decreases by 60%, how many people still prefer tea to coffee?

a)

40

b)

140

c)

80

d)

120

ACTIVITY 7/12

Total questions: 28

Worksheet time: 52mins

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