Unit 7 - Financial Literacy

Lisa has $6,000 on her Visa and doesn't pay it off. She's charge 18% interest monthly. What does she owe after 1 year?

How many years will it take for an investment of $2,500 to earn $125 in simple interest at 4% per year?

Emma earns $1620 every two weeks. She also got an $800 X-mas bonus. What did she make this pas year?

Tina wants to save 10% of her surplus each month to save for a $1000 Chandelier. How many months will she have to save?

Mark deposited $3,200 into an account that pays 5% simple interest annually. What will he earn after one year?

Alex borrowed $3,500 and payed it back with a total interest of $758.13 after 3 years. What was the interest rate?

How much does Tina save/lose each month?

Emma earns $1620 every two weeks. She also got an $800 X-mas bonus. Emma is paid in wages.

Tariq earns a 6% commission on all sales. Last month, he earned $2500 in commission. What were his total sales?

Todd has $25000 of yearly expenses.  He wants to save 12% of his annual earnings after expenses.  How much does he save?

Todd earns $27.35/hour.  His weekly work schedule is shown below.  What is his annual income?