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SimpleInterest and SalesTax Problems

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0% found this document useful (0 votes)
44 views4 pages

SimpleInterest and SalesTax Problems

Uploaded by

galland.muring
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

1. Ana deposits ₱5,000 in a bank that pays 6% simple interest per year. How 1.

1. Ana deposits ₱5,000 in a bank that pays 6% simple interest per year. How
much interest will she earn after 3 years? much interest will she earn after 3 years?
2. A loan of ₱12,000 is borrowed at 10% simple interest for 2 years. How 2. A loan of ₱12,000 is borrowed at 10% simple interest for 2 years. How
much is the total amount to be paid? much is the total amount to be paid?
3. Liza saves ₱15,000 in a cooperative that pays 8% simple interest annually. 3. Liza saves ₱15,000 in a cooperative that pays 8% simple interest annually.
How much will her savings earn after 4 years? How much will her savings earn after 4 years?
4. Ben borrowed ₱20,000 at 12% simple interest. If he paid back ₱28,800, 4. Ben borrowed ₱20,000 at 12% simple interest. If he paid back ₱28,800,
for how many years did he borrow the money? for how many years did he borrow the money?
5. Carlo invested ₱10,000 at 9% simple interest for 5 years. What is the total 5. Carlo invested ₱10,000 at 9% simple interest for 5 years. What is the total
amount he will receive? amount he will receive?
6. A school borrowed ₱50,000 for renovation at 5% simple interest. How 6. A school borrowed ₱50,000 for renovation at 5% simple interest. How
much interest must it pay after 2 years? much interest must it pay after 2 years?
7. If ₱24,000 earns ₱4,800 simple interest in 3 years, what was the rate of 7. If ₱24,000 earns ₱4,800 simple interest in 3 years, what was the rate of
interest? interest?
8. How much principal must be invested at 7% simple interest for 4 years to 8. How much principal must be invested at 7% simple interest for 4 years to
earn ₱5,600? earn ₱5,600?
9. A farmer borrowed ₱18,000 at 10% simple interest. How much will he pay 9. A farmer borrowed ₱18,000 at 10% simple interest. How much will he pay
in total after 2 years? in total after 2 years?
10. A businessman invested ₱25,000 in a project at 8% simple interest for 1 10. A businessman invested ₱25,000 in a project at 8% simple interest for 1
year and 6 months. How much interest did he earn? year and 6 months. How much interest did he earn?
11. A cellphone costs ₱12,000. If the sales tax rate is 5%, how much is the 11. A cellphone costs ₱12,000. If the sales tax rate is 5%, how much is the
sales tax? What is the total price? sales tax? What is the total price?
12. A shirt is priced at ₱450. If the sales tax is 10%, how much will a 12. A shirt is priced at ₱450. If the sales tax is 10%, how much will a
customer pay in total? customer pay in total?
13. A refrigerator costs ₱30,000. If the sales tax rate is 12%, how much is the 13. A refrigerator costs ₱30,000. If the sales tax rate is 12%, how much is the
total cost of the refrigerator? total cost of the refrigerator?
14. A pair of shoes costs ₱2,500 before tax. If the total paid is ₱2,750, what 14. A pair of shoes costs ₱2,500 before tax. If the total paid is ₱2,750, what
was the rate of sales tax? was the rate of sales tax?
15. A television has a price of ₱15,000 before tax. If the sales tax is ₱1,800, 15. A television has a price of ₱15,000 before tax. If the sales tax is ₱1,800,
what is the tax rate? what is the tax rate?
16. A washing machine costs ₱18,000 including 8% sales tax. What was the 16. A washing machine costs ₱18,000 including 8% sales tax. What was the
selling price before tax? selling price before tax?
17. A bicycle costs ₱7,500 before tax. If the tax rate is 6%, what is the total 17. A bicycle costs ₱7,500 before tax. If the tax rate is 6%, what is the total
price? price?
18. A laptop has a total price of ₱44,800, which includes 12% sales tax. What 18. A laptop has a total price of ₱44,800, which includes 12% sales tax. What
was the original selling price before tax? was the original selling price before tax?
19. A sofa is sold for ₱22,000 before tax. If the tax rate is 10%, how much is 19. A sofa is sold for ₱22,000 before tax. If the tax rate is 10%, how much is
the customer’s total bill? the customer’s total bill?
20. A customer bought a jacket and paid ₱1,980 in total, which included 20. A customer bought a jacket and paid ₱1,980 in total, which included
10% sales tax. What was the price of the jacket before tax? 10% sales tax. What was the price of the jacket before tax?
1. Interest = ₱900.00. Total Amount = ₱5,900.00.
2. Interest = ₱2,400.00. Total Amount = ₱14,400.00.
3. Interest = ₱4,800.00. Total Amount = ₱19,800.00.
4. Interest = ₱8,800.00. Time = 3.67 years.
5. Interest = ₱4,500.00. Total Amount = ₱14,500.00.
6. Interest = ₱5,000.00. Total Amount = ₱55,000.00.
7. Rate = 6.67% per year.
8. Principal = ₱20,000.00.
9. Interest = ₱3,600.00. Total Amount = ₱21,600.00.
10. Interest = ₱3,000.00.
11. Sales tax = ₱600.00. Total price = ₱12,600.00.
12. Sales tax = ₱45.00. Total price = ₱495.00.
13. Sales tax = ₱3,600.00. Total price = ₱33,600.00.
14. Sales tax = ₱250.00. Rate = 10.00%
15. Tax = ₱1,800.00. Rate = 12.00%
16. Price before tax = ₱16,666.67. Sales tax = ₱1,333.33.
17. Sales tax = ₱450.00. Total price = ₱7,950.00.
18. Price before tax = ₱40,000.00. Sales tax = ₱4,800.00.
19. Sales tax = ₱2,200.00. Total price = ₱24,200.00.
20. Price before tax = ₱1,800.00. Sales tax = ₱180.00.
1. Interest = ₱900.00. Total Amount = ₱5,900.00.
2. Interest = ₱2,400.00. Total Amount = ₱14,400.00.
3. Interest = ₱4,800.00. Total Amount = ₱19,800.00.
4. Interest = ₱8,800.00. Time = 3.67 years.
5. Interest = ₱4,500.00. Total Amount = ₱14,500.00.
6. Interest = ₱5,000.00. Total Amount = ₱55,000.00.
7. Rate = 6.67% per year.
8. Principal = ₱20,000.00.
9. Interest = ₱3,600.00. Total Amount = ₱21,600.00.
10. Interest = ₱3,000.00.
11. Sales tax = ₱600.00. Total price = ₱12,600.00.
12. Sales tax = ₱45.00. Total price = ₱495.00.
13. Sales tax = ₱3,600.00. Total price = ₱33,600.00.
14. Sales tax = ₱250.00. Rate = 10.00%
15. Tax = ₱1,800.00. Rate = 12.00%
16. Price before tax = ₱16,666.67. Sales tax = ₱1,333.33.
17. Sales tax = ₱450.00. Total price = ₱7,950.00.
18. Price before tax = ₱40,000.00. Sales tax = ₱4,800.00.
19. Sales tax = ₱2,200.00. Total price = ₱24,200.00.
20. Price before tax = ₱1,800.00. Sales tax = ₱180.00.

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