Simple Interest, Discount, and Tax

Q. Find the simple interest earned after 5 years if John deposits $575 in his savings account that earns 3% interest.

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Q. Find the simple interest paid after 8 years, if Melissa borrows $4000 and her interest rate is 5%.

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Q. Find the simple interest earned if the principal is $7,500, time is 18 months, and the interest rate is 2.5%.

Q. Find the balance after 10 years, if the principal is $3,500 and the interest rate is 2%.

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Q. The Smith family financed a TV that cost $950. If the interest rate is 12%, how much will the family owe for the TV after 3 months if no payments are made?

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Q. If you get a $10,500 loan with 8.75% interest rate, how much do you owe at the end of 5 years?

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Q. Find the balance after 39 months, if you borrow $350 with 18% interest rate.

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Q. What is the discounted price of a shirt that regularly costs $46 that is now for sale 40% off?

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Q. What is the total cost of an item that has a price of $275 and a sales tax of 8.25%? Round your answer to the nearest cent!

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Q. Find the total cost (with discount and sales tax) if the cost is $2,400, the discount is 25%, and the sales tax is 7%.

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