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Laabri

Consumer Math 1

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Last updated almost 2 years ago
13 Nsɛmmisa
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Find a bank.
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2.
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3.

The three elements used to calculate simple interest are:

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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?

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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?

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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?

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7.

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8.

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9.

Yes - True No - False

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10.

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11.

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12.

What is the interest rate on a savings account?

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13.

What is the interest rate on a checking account?