The three elements used to calculate simple interest are:
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?
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?
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?
Yes - True No - False
What is the interest rate on a savings account?
What is the interest rate on a checking account?