Determining interest rate on loan


Assignment:

Question 1. A new car depreciates an average of 22% in its first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?

Question 2. A state sales tax rate is 4.8%. If the tax on a purchase was $23.76, what was the price of the purchase?

Question 3. Ms. Jefferson has been given a loan of $20,000 for 1 year. If the interest charged is $800, what is the interest rate on the loan?

Question 4. Write 58% as a fraction or a mixed number.

Question 5. 260 is 40% of what number?

Question 6. On the blueprint of Lauren's new office building, the scale is 3 in. equals 8 ft. What will be the actual length of Lauren's office if it measures 6 in. long on the blueprint?

Question 7. Are these two rates of rainfall equivalent?

1.2 inches of rain in 5 hours
and
2.1 inches of rain in 8 hours

Question 8. A chemist has 400 milliliters (mL) of solution that is 21% acid. How many milliliters of acid are in the solution?

Question 9. What two whole numbers is √21  between? Explain your thinking.

Question 10. Complete the statement.
   
35 gal = ________ L

Round to the nearest whole L

Question 11. Find the missing length of the right triangle.

748_Right triangle.JPG

Provide complete and step by step solution for the question and show calculations and use formulas.

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Mathematics: Determining interest rate on loan
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