Consumer Math Pre Assessment

Find the amount of interest earned by $8000 invested at 5% annual simple interest rate for 1 year.

• $625
• $350
• $750
• $400

To start a mobile dog-grooming service, Renee Wooferson borrowed $2,500. If the loan was for two years and the amount of interest was $175, what simple interest rate was she charged?

• 5.75%
• 1.8%
• 8.25%
• 3.5%

Jane Bestseller set a goal to earn $2,000 in May. She receives a base salary of $500 per month as well as a 10% commission for all sales in that month. How much merchandise will she have to sell to meet this goal?

• $2,500
• $10,000
• $250
• $15,000

A student borrowed some money from his father at 2% simple interest to buy a car. He paid his father $360 in interest after 3 years, how much did he borrow?

• $6,000
• $12,485
• $9,700
• $4,900

The Smiths  spent $29.85 for entrees and beverages at dinner. The sales tax was 6% of the price of the meal. The tip was 15% of the meal and the sales tax. How much money did the Smith family pay for the meal, including tax and tip?

• $31.64
• $36.39
• $31.60
• $42.89

A notebook costs $4.50 plus sales tax. After sales tax, the notebook is $4.86. What is the sales tax rate?

• 6.2%
• 4.8%
• 12%
• 8%

Anna is saving $6.35 a week to buy a computer game that costs $57.15.  How many weeks will she have to save to buy the game?

• 3 weeks
• 6 weeks
• 9 weeks
• 12 weeks

The bill for dinner came to $75.48. The four friends decided to leave a $15 tip.  If they shared the bill equally, how much will they each pay?

• $21.70
• $90.48
• $44.40
• $22.62

Sam and Carl ate breakfast at the local diner. They gave the waitress a tip of $2.88 which was 25% of their bill.  If the two friends split the bill and the tip evenly, how much will each one pay?

• $7.20
• $11.52
• $19.74
• $5.76

A woman’s coat was priced at $120.  If there was a 40% reduction in the price, what was the selling price of the coat?

• $64.50
• $72.00
• $168
• $28.00