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quiz interest

quiz interest

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rydan d. minor
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12 views2 pages

quiz interest

quiz interest

Uploaded by

rydan d. minor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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WEEKLY ASSESMENT IN MATHEMATICS 7 (WEEK 5)

NAME:___________________________________ DATE:____________________________
GRADE AND SECTION:______________________ SCORE___________________________
IDENTIFICATION: Identify the word being described by the following phrase or sentence.

1. It is the final price at which a product or item is sold to a customer after discounts
have been applied.
2. The amount of money that a company charges for its product. It is the price that
the customers pay for buying a product without a discount. This is also known as
the original price.
3. It is the reduction in the original price of a commodity (product or service).
4. A percent taken off from the selling price of the item sold.
5. Commonly known as Value Added Tax (VAT)
6. It refers to the amount of money earned by a person from selling something.
7. The amount earned from investing or borrowing money.
8. The length of time the money was invested or the length of time the borrowed
money will be paid (in years)
9. The amount of money invested or borrowed
10. The percent of interest
Complete the table below:

Items Selling Price/ Discount Discount Rate Sale Price


Original
Birthday Cake 500 100
T - Shirt 75 175
Television 10000 15%
Laptop 5000 15000
Pants 800 25%

Solve the following Problem:


COMMISSION
1. Mireya works as a real estate agent. She has just sold a house that ₱1 500 000. If she
makes a 4% commission, how much money did she make when she sold the house?
a. What is asked? _________________________________
b. What is the formula to be used? _________________
c. Solution:
d. What is the final answer? ________________________
SALES TAX
2. Rydan bought a pair of shoes for a price of ₱2,450 plus the VAT of 10%. How much is
the sales tax he needs to pay aside from the price of the shoes?
a. What is asked? _________________________________
b. What is the formula to be used? _________________
c. Solution:
d. What is the final answer? ________________________
INTEREST
3. A bank is offering 3.5% simple interest on a savings account. If you deposit ₱10,900,
how much interest will you earn in two years and the maturity value of your investment?

a. What is asked? _________________________________


b. What is the formula to be used? _________________
c. Solution:
d. What is the final answer? ________________________

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