1. 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
2. A bike was originally $240.00. The price was marked up 15%. What is the new price of the bike?
a. $250.00
b. $264.00
c. $268.00
d. $276.00
I'm stupid, I don't know what this is. Can someone give me a walkthrough?
3.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%
4. On Monday, the temperature was 50 degrees. On Tuesday, the temperature increased by 22%. What was the temperature on Tuesday?
a. 72 degrees
b. 65 degrees
c. 56 degrees
d. 61 degrees )I got this, but, I'm probably wrong...
Thanks for helping! =)
Can someone help correct me? I totally appreciate it.
I disagree on Number 4 it is 72 because 50+22=72
What is number #2
What is the answer to number 3 and 1
we should always trust the early miss sue
1. To calculate simple interest, you can use the formula: Interest = Principal x Rate x Time.
For situation a:
Principal = $2,000.00
Rate = 6% (0.06 as a decimal)
Time = 7 years
Interest = $2,000.00 x 0.06 x 7
Interest = $840.00
For situation b:
Principal = $4,500.00
Rate = 3% (0.03 as a decimal)
Time = 6 years
Interest = $4,500.00 x 0.03 x 6
Interest = $810.00
For situation c:
Principal = $1,400.00
Rate = 6% (0.06 as a decimal)
Time = 9 years
Interest = $1,400.00 x 0.06 x 9
Interest = $756.00
For situation d:
Principal = $5,000.00
Rate = 7% (0.07 as a decimal)
Time = 3 years
Interest = $5,000.00 x 0.07 x 3
Interest = $1,050.00
For situation e:
Principal = $800.00
Rate = 15% (0.15 as a decimal)
Time = 5 years
Interest = $800.00 x 0.15 x 5
Interest = $600.00
Based on the calculations, the situations with simple interest greater than $800.00 are a, b, and d.
2. To calculate the new price of the bike after a markup, you can use the formula: New Price = Original Price + (Original Price x Markup Percentage)
Original Price = $240.00
Markup Percentage = 15% (0.15 as a decimal)
New Price = $240.00 + ($240.00 x 0.15)
New Price = $240.00 + $36.00
New Price = $276.00
So, the new price of the bike is $276.00.
3. To calculate the tax, you can use the formula: Tax = Price x Tax Rate.
For pair of shoes a:
Price = $45.00
Tax Rate = 7% (0.07 as a decimal)
Tax = $45.00 x 0.07
Tax = $3.15
For pair of shoes b:
Price = $80.00
Tax Rate = 2.9% (0.029 as a decimal)
Tax = $80.00 x 0.029
Tax = $2.32
For pair of shoes c:
Price = $66.00
Tax Rate = 10% (0.1 as a decimal)
Tax = $66.00 x 0.1
Tax = $6.60
For pair of shoes d:
Price = $29.00
Tax Rate = 11% (0.11 as a decimal)
Tax = $29.00 x 0.11
Tax = $3.19
For pair of shoes e:
Price = $55.00
Tax Rate = 4.5% (0.045 as a decimal)
Tax = $55.00 x 0.045
Tax = $2.48
Based on the calculations, the pairs of shoes with tax greater than $3.00 are a, c, and d.
4. To calculate the increase in temperature, you can use the formula: Increase = Original Value x Increase Percentage.
Original Value = 50 degrees
Increase Percentage = 22% (0.22 as a decimal)
Increase = 50 degrees x 0.22
Increase = 11 degrees
The temperature on Tuesday is the original temperature plus the increase:
Temperature on Tuesday = 50 degrees + 11 degrees
Temperature on Tuesday = 61 degrees
Therefore, the temperature on Tuesday is 61 degrees.