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
ALL THE ANSWERS... ARE THESE..
1.b
2.d
3.d
4.a
5.d
6.a. b . c
7.a. c. d
YOUR WELCOME!
a,b, and d
Simple interest is just p x r x t
So, first one good? Second one good, too?
the second one is correct as well, nice job!
THESE ARE THE ANSWERS ... APPLICATIONS OF PERCENT
PRACTICE
THANKS ALOT!!
I just took this practice These are the answers
1)B 2)D 3)A,B,D 4)D 5) A,C,D
100%
COTTONCANDYLOVERINGS is correct. I got a 100! Thank you COTTONCANDYLOVERINGS!
You are correct in your selections for the simple interest and tax calculations.
To calculate the simple interest for each situation, you can use the formula:
Simple Interest = Principal * Rate * Time
For the first question, you correctly identified three situations with simple interest greater than $800:
a. $2,000.00 at 6% for 7 years
To calculate the simple interest, use the formula:
Simple Interest = $2,000.00 * 0.06 * 7 = $840.00
b. $4,500.00 at 3% for 6 years
To calculate the simple interest, use the formula:
Simple Interest = $4,500.00 * 0.03 * 6 = $810.00
d. $5,000.00 at 7% for 3 years
To calculate the simple interest, use the formula:
Simple Interest = $5,000.00 * 0.07 * 3 = $1,050.00
You have correctly identified these three situations as having a simple interest greater than $800.
For the second question, you correctly identified three situations where the tax is greater than $3.00:
a. Shoes: $45.00 Tax: 7%
To calculate the tax, use the formula:
Tax = $45.00 * 0.07 = $3.15
c. Shoes: $66.00 Tax: 10%
To calculate the tax, use the formula:
Tax = $66.00 * 0.10 = $6.60
d. Shoes: $29.00 Tax: 11%
To calculate the tax, use the formula:
Tax = $29.00 * 0.11 = $3.19
You have correctly identified these three situations as having a tax greater than $3.00.
Well done on your correct selections!