MS 095 PreAlgebra Quiz 10	Name: _______________________

1. Pwopwida sakau market decides to offer 30% off on sakau by the cup on Tuesday nights. A cup is regularly $1.00, how much is a cup on Tuesday?

2. Kosraen seka sells for 34% more on Pohnpei than Pohnpeian sakau. If the price of Pohnpeian sakau is 1.50, what is the price of Kosraen seka?

3. Rukiruk used to charge $5.00 per person for sakau in 1992. By 1993 they were charging $6.00 per person. What is the percent increase (change) in the price of sakau?

4. Kituk pahn takai puts $960 dollars in a savings account that earns simple interest at an annual percentage rate of 4.5 % How much interest does Kituk pahn takai earn after 13 years? Use the formula I = Prt where I is the interest, P is the principal, r is the APR interest rate, and t is the time in years.

5. How much money does Kituk pahn takai have after the 13 years including the principal and interest earned?

6. Kituk pahn takai puts $960 dollars in a savings account for 13 years that earns compound interest, compounded daily, at 4 % APR. Use the formula B = P(1+rt)n to calculate the final balance in the account. Use 365 days in a year. Note:

B = final balance

P = principal

r = APR

t = length of time in years of each compounding. Fractional if less than a year.

n = number of compoundings (total number of compoundings over the entire period.

7. Which earned Kituk pahn takai more money, the simple interest at 4.5% or the daily compounded at 4%?

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2005-04-27T15:40:48

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