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Chapter 4 - Assessment

Multiple Choice
Identify the choice that best completes the statement or answers the question.
 
 
Write and solve an equation to answer the question.
 

 1. 
8% of what number is 24?
a.
288
c.
1.92
b.
325
d.
300
 

 2. 
10% of 130 is what number?
a.
10
c.
13
b.
18
d.
117
 

 3. 
23 is what percent of 50?
a.
51%
c.
46%
b.
217.39%
d.
44%
 
 
Find the cost to store, percent of markup, or selling price.
 

 4. 
Cost to store: $10
Markup: 30%
Selling price:   ? 
a.
$13
c.
$9
b.
$8
d.
$40
 

 5. 
Cost to store: $15
Markup:   ? 
Selling price: $16.5
a.
10%
c.
12%
b.
9.1%
d.
90.9%
 

 6. 
Cost to store:   ? 
Markup: 65%
Selling price: $99
a.
$58
c.
$60
b.
$64.35
d.
$34.65
 
 
An account earns simple interest. Find the annual interest rate.
 

 7. 
I = $234, P = $800, t = 39 months
a.
9%
c.
0.09%
b.
29.3%
d.
11%
 

 8. 
I = $193.68, P = $2300, t = 19 months
a.
0.05%
c.
3.55%
b.
5.32%
d.
8.42%
 

 9. 
I = $60, P = $200, t = 3 years
a.
0.1%
c.
11%
b.
30%
d.
10%
 
 
An account earns simple interest. Find the amount of time.
 

 10. 
I = $70, P = $700, r = 2%
a.
6 years
c.
7 years
b.
5 years
d.
0.1 year
 

Other
 

 1. 
Extended Response  Your friend charges the expenses to a concert on a credit card. The simple interest rate is 8%. The charges are paid after 10 months.
Concert Expenses
Ticket
56.25
Food
10.25
Souvenirs
30.20
Total
? 
a.   What is the total of the concert expenses?
b.   What is the amount paid after 10 months?
 



 
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