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MF.RN.8 Standard MF-014-A06-V04

Solve discount, markup, tax, tip, and simple interest style percent problems.

Compare percent-application scenarios

Problem

Calculate the simple interest earned by \(\text{all}~\text{three}~\text{accounts}\) after \(1~\text{year}\) and determine the greatest amount.

A comparison table for three simple interest accounts over 1 year. Option A shows 400 dollars at 4 percent for 1 year with setup 400 times 0.04 times 1. Option B shows 350 dollars at 5 percent for 1 year with setup 350 times 0.05 times 1. Option C shows 500 dollars at 3 percent for 1 year with setup 500 times 0.03 times 1. A note says to compare the interest amounts earned. Open full size
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Four variants of this problem type
Curriculum context
Standard
MF.RN.8
Category
Rational Numbers
Domain
Percents
Objective
Solve discount, markup, tax, tip, and simple interest style percent problems.
Problem type
Compare percent-application scenarios