Consumer Math 1

Last updated over 1 year ago
13 questions
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The three elements used to calculate simple interest are:

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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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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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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?

Find a bank.
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Yes - True No - False

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What is the interest rate on a savings account?

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What is the interest rate on a checking account?