Unit 5 Homework - Practice Questions

To 2 decimal place accuracy, what is:

1. 4% of 354 

2. 7% of 6 

3. 11% of 192 

4. 3% of 57 

5. 0.5% 1024 

6. 136% of 210 

7. 43% of 513 

8. 6.5 % of 99 

9. 38% of 243 

10. 19.5% of 67 

11. What percent of 174 is 61? 

12. What percent of 14 is 5? 

13. What percent of 36 is 69? 

14. What percent of 93 is 31? 

15. What percent of 58 is 42? 

16. What percent of 74 is 161? 

17. What percent of 1346 is 18? 

18. What percent of 2194 is 32? 

19. What percent of 19 is 3? 

20. What percent of 913 is 42? 

21. Simple interest: $1000 at 5% per year for 6 years earns how much interest? 

22. Simple interest: $3500 at 4% per year for 8 years earns how much interest? 

23. Simple interest: $10000 at 3% per year for 2 years earns how much interest? 

24. Simple interest: $5136 at 1.375% per year for 9 years earns how much interest? 

25. Simple interest: $65000 at 2.5% per year for 10 years earns how much interest? 

26. Compound interest: $1000 at 5% per year, compounded monthly for 6 years earns how much interest?

27. Compound interest: $3500 at 4% per year, compounded monthly for 8 years earns how much interest?

28. Compound interest: $10000 at 3% per year, compounded monthly for 2 years earns how much interest?

29. Compound interest: $5136 at 1.375% per year, compounded monthly for 9 years earns how much interest?

30. Compound interest: $65000 at 2.5% per year, compounded monthly for 10 years earns how much interest?

31. You expect to need $500 in 6 years. Your savings earns 5% per year, compounded monthly. To have this much, how much do you need to put in the account per month? 

32. You expect to need $8000 in 8 years. Your savings earns 4% per year, compounded monthly. To have this much, how much do you need to put in the account per month? 

33. You expect to need $1200 in 2 years. Your savings earns 3% per year, compounded monthly. To have this much, how much do you need to put in the account per month? 

34. You expect to need $15000 in 9 years. Your savings earns 1.375% per year, compounded monthly. To have this much, how much do you need to put in the account per month? 

35. You expect to need $20000 in 10 years. Your savings earns 2.5% per year, compounded monthly. To have this much, how much do you need to put in the account per month? 

36. You plan to borrow $5000 which will be paid back over 5 years at 5% per year, compounded monthly. You would expect the payment on that to be about: 

37. You plan to borrow $8000 which will be paid back over 4 years at 4% per year, compounded monthly. You would expect the payment on that to be about: 

38. You plan to borrow $1200 which will be paid back over 3 years at 3% per year, compounded monthly. You would expect the payment on that to be about: 

39. You plan to borrow $15000 which will be paid back over 1.375 years at 1.375% per year, compounded monthly. You would expect the payment on that to be about: 

40. You plan to borrow $20000 which will be paid back over 2.5 years at 2.5% per year, compounded monthly. You would expect the payment on that to be about: 

41. You have $50 per month you can afford to use as a payment. At 5% per year, compounded monthly over 5 years, you can afford to borrow up to about: 

42. You have $75 per month you can afford to use as a payment. At 4% per year, compounded monthly over 4 years, you can afford to borrow up to about: 

43. You have $60 per month you can afford to use as a payment. At 3% per year, compounded monthly over 3 years, you can afford to borrow up to about: 

44. You have $30 per month you can afford to use as a payment. At 1.375% per year, compounded monthly over 1.375 years, you can afford to borrow up to about: 

45. You have $25 per month you can afford to use as a payment. At 2.5% per year, compounded monthly over 2.5 years, you can afford to borrow up to about: