NAME: PERIOD: PRACTICE QUIZ Simple Interest and Percents Review A. Simple Interest (3 points each) v 8% v 0.088 2) 4) hast 001aS Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben leaves the money in the account for 12 years, how much interest will he eam? +5 9+ T= (40Yooaia) “E75 T= aay (4a Steph took out a simple interest loan that charges 8.5% interest annually. If her original loan amount was for $30,000 and she is paying off the loan over 20 years, how fae will she pay altogether? 5 2 7 Le pt Te (2eYooes 129) 30,00 + S11, 000 = Z 2 54,000 B gl, ) Wd Derek deposited $3,000 in a simple interest account 3 years ago. He has earned $360 in interest so far. What is the interest rate for his account? Te prt Bob = (3000) + - ~ ‘Clint earned $1,155 in interest from his simple interest account over the last 5 years. The account pays 1.25% interest annually. How much did Clint originally deposit in his account? 2 pr HSS = p (o0v0Xs) b MO, uss = p (0.0008) IS 80 0.0085 O06 8,10 = pNAME: PERIOD: 5) Hector took out a small loan of $900 for 18 months. The simple interest rate on the loan was 10.5%. How much will he pay in interest on the loan? os 18 Le prt ts pr t J T= (blows is) ®y 75> 6.10 AS yews Le ms 6) Todd takes out a student loan for $25,000. The annual simple interest rate on the loan is 7.75%. If Todd will be paying $38,750 in interest alone, how many years is he bad to pay off the loan’? Le ! 38,750 Te ers) t 00778 38,7s0° 1932S t > a Was s 7375 s 7) Susie opens a simple interest checking account. After 6 months, her account grew from $500 to $508.75. What is the interest rate on her account? _ zp 20352 r 50875 & months = $00.00 v ae (20) (os) os i, MI ppssome 357 Sidtuet ty 8) Trevor deposits $1500 in a simple interest account that pays 4.3% interest annually, After 15 years, how much total money would be in the account? 2.75% 43% L=pt PeT = Thl J T = (isea(oovayiis) JS00 + 967.50 = 0043 Ze 75 Bou o 67, 50 B. Shopping problems. (3 points each) 9) Kevin buys a leather jacket listed for $190. He receives a 15% discount at the register. What is the new price of the leather jacket? 190 190.00 asus = 98.50 1 150 BS Jo1-S012) NAME: PERIOD: After a 40% discount, the cost of a sofa is $471.00. What was the original cost of the sofa? 47) = 60% = CHD Boscovs’ purchases picnic benches from the manufacturer for $14.50 each. Boscovs’ then uses a markup of 170% before selling them to the public. What is the cost of the picnic benches to the public? 1450 14.80 b - ee e408. 31S kd? AVS 39S Avery purchases a set of golf clubs for $495. In addition to the purchase price, he must also pay 9% of the purchase price to cover shipping, taxes, and other fees. What is the final cost of the set of golf clubs? YS 95.00 x08 + YASS WES 537.55 C. Other percent problems. (2 points each) 13) 14) Of the 800 people surveyed in a recent American Idol study, 78% of them said that the females are better than the males. How many people surveyed said that the females are better than the males? Dart = % of Whole — X= 078 + 800 GIY peaple X= GH There were 64 basketball games during the NCAA tournament. 16 of those games were decided by 3 points or less. What percentage of games were decided by 3 points or less? Pat = % of hole Ilo = Ke bY ° wow wh Oas=K