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Consumer Math 1

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Last updated over 1 year ago
13 questions
Untitled Section
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Find a bank.
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Question 1
1.
Question 2
2.
Question 3
3.

The three elements used to calculate simple interest are:

Question 4
4.

Craig puts $3000 in the bank. The bank offers a simple interest of 2.5% per year. How much will he have after 2.5 years?

Question 5
5.

Lisa saves $1500 at 3% simple interest. She has it in the bank for two years. How much interest will Lisa receive in two years?

Question 6
6.

You are starting a new job and need business caual clothing. You purchase the following:
a dress for $45
2 shirts for $22.99 and $41.98
a skirt for $14.50
a pair of pants for $50
shoes for $34.97.

Tax is 4.5%.

What is the total purchase price?

Question 7
7.

Question 8
8.

Question 9
9.

Yes - True No - False

Question 10
10.

Question 11
11.

Question 12
12.

What is the interest rate on a savings account?

Question 13
13.

What is the interest rate on a checking account?