Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00.
a. $2,000.00 at 6% for 7 years ***
b. $4,500.00 at 3% for 6 years ***
c. $1,400.00 at 6% for 9 years
d. $5,000,00 at 7% for 3 years ***
e. $800.00 at 15% for 5 years
Calculate the tax for each pair of shoes with the given rate. Select THREE choices in which the tax is GREATER than $3.00.
a. Shoes: $45.00 Tax: 7% ***
b. Shoes: $80.00 Tax: 2.9%
c. Shoes: $66.00 Tax: 10% ***
d. Shoes: $29.00 Tax: 11% ***
e. Shoes: $55.00 Tax: 4.5%
Please correct me if I'm wrong in any. Thanks. :3
Is someone there?
all correct.
good work.
They are all right good job
Good job lad <=>
For the first question on simple interest, you correctly identified three options where the simple interest is greater than $800.00. Let's calculate the simple interest for those options:
a. $2,000.00 at 6% for 7 years:
Simple Interest = Principal * Rate * Time
Simple Interest = $2,000.00 * 0.06 * 7
Simple Interest = $840.00
b. $4,500.00 at 3% for 6 years:
Simple Interest = Principal * Rate * Time
Simple Interest = $4,500.00 * 0.03 * 6
Simple Interest = $810.00
d. $5,000.00 at 7% for 3 years:
Simple Interest = Principal * Rate * Time
Simple Interest = $5,000.00 * 0.07 * 3
Simple Interest = $1,050.00
So, your choices a, b, and d are correct.
Now, let's move on to the second question about calculating tax.
a. Shoes: $45.00 Tax: 7%:
Tax = Price * Tax Rate
Tax = $45.00 * 0.07
Tax = $3.15
b. Shoes: $80.00 Tax: 2.9%:
Tax = Price * Tax Rate
Tax = $80.00 * 0.029
Tax = $2.32
c. Shoes: $66.00 Tax: 10%:
Tax = Price * Tax Rate
Tax = $66.00 * 0.10
Tax = $6.60
d. Shoes: $29.00 Tax: 11%:
Tax = Price * Tax Rate
Tax = $29.00 * 0.11
Tax = $3.19
e. Shoes: $55.00 Tax: 4.5%:
Tax = Price * Tax Rate
Tax = $55.00 * 0.045
Tax = $2.48
Based on the calculation, choices a, c, and d have tax amounts greater than $3.00.
So, your choices for the tax question are correct for a, c, and d.