1.

Beyonce went to the mall and saw a massage chair that she would have to take a loan out for
$6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years.
What is the total amount that Beyonce will pay for the chair?
2. Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
3. What is the interest rate if the principal is $32,000 and $9600 over six years.
4. A bike is being sold for 78% of its original price of $85.50. What is the discounted price?
5. You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?
6. Michael buys a basket of mangoes on sale for $4 before tax. The sales tax is 12%. What is the
total price Michael pays for the basket of mangoes?
7. You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?