2.2 Review Worksheet, Part 2
2.2.4 Applications of Percent 1. A boat salesperson earns a 2.5% commission on the sale of each boat. Find the commission earned on a boat that sells for $18,500.
2. A cell phone distributor earns a yearly salary of $28,000 plus a 17.5% commission on sales. Find the total earnings for a year when the sales are $38,000.
3. Find the simple interest paid after 3 months on a loan of $9700 borrowed at an annual interest rate of 11%.
4. After 8 months, $750 simple interest was owed on a loan of $9000. Find the annual interest rate.
5. How long will it take $680 to earn $102 in simple interest at an annual interest rate of 3%?
6. Estimate the tip on a $19.65 check using a tip rate of 15%
7. Estimate the tax on tires that cost $498 with a 6.25% sales tax.
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