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mathematics
contemporary mathematics

Contemporary Mathematics 1st Edition OpenStax - Solutions

McKenzi earned \(\$ 2,700\) in gross income, before taxes, in a given 2-week period. How much does she owe in FICA taxes, and how much of that is for SSI?
Renard earned \(\$ 195,000\) in wages for the year. How much in SSI taxes does Renard owe for the year?
Faith has a taxable income of \(\$ 103,650\). How much income tax does Faith owe?
Emmanuel is preparing his taxes. His W-2 from work shows gross income for the year of \(\$ 95,250\). He also has a 1099-MISC for some freelance art work he did, amounting to \(\$ 7,500\). Emmanuel also deposited \(\$ 4,500\) into a taxdeferred retirement plan. He paid \(\$ 7,920\) in mortgage
Retail price \(=\$ 399.00\), percent discount \(=30 \%\), find the sale price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail Price \(=\$ 75.00\), percent discount \(=65 \%\), find the sale price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 125.00\), sale price \(=\$ 90.00\), find the percent discount.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 47.00\), sale price \(=\$ 41.50\), find the percent discount.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Sale price \(=\$ 145.70\), percent discount \(=20 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Sale price \(=\$ 1,208.43\), percent discount \(=13 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 26,790.00\), percent discount \(=8 \%\), find the sale price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Sale price \(=\$ 314.06\), percent discount \(=33 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 145.50\), sale price \(=\$ 117.90\), find the percent discount.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 28.90\), percent discount \(=18 \%\), find the sale price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Sale price \(=\$ 17.59\), percent discount \(=12 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 57.50\), sale price \(=\$ 46.00\), find the percent discount.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Cost \(=\$ 130.00\), percent markup \(=34 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Cost \(=\$ 2.27\), percent markup \(=42 \%\), find the retail price.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Cost \(=\$ 68.45\), retail price \(=\$ 109.90\), find the percent markup.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Cost \(=\$ 466.16\), retail price \(=\$ 699.00\), find the percent markup.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 98.99\), percent markup \(=25 \%\), find the cost.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 799.00\), percent markup \(=55 \%\), find the cost.Use the given values to find the indicated value. Round percent results to 2 decimal places. Round money results to the penny ( 2 decimal places).
Retail price \(=\$ 17.99\); sales \(\operatorname{tax}=7.5 \%\)Find the sales tax and total paid.
Retail price \(=\$ 799.00\); sales tax \(=8.5 \%\)Find the sales tax and total paid.
Retail price \(=\$ 176.83\); sales \(\operatorname{tax}=6.25 \%\)Find the sales tax and total paid.
Retail price \(=\$ 223.93\); sales tax \(=4.5 \%\)Find the sales tax and total paid.
Purchase price \(=\$ 257.45\); total price \(=\$ 273.54\)Find the sales tax rate.
Purchase price \(=\$ 14.99\); total price \(=\$ 15.74\)Find the sales tax rate.
Purchase price \(=\$ 26.83\); total price \(=\$ 28.84\)Find the sales tax rate.
Purchase price \(=\$ 2,399.90\); total price \(=\$ 2,609.89\)Find the sales tax rate.
Sales tax rate \(=4.75 \%\); total price \(=\$ 50.15\)Find the purchase price.
Sales tax rate \(=8 \%\); total price \(=\$ 1,069.20\)Find the purchase price.
Sales tax rate \(=9.5 \%\); total price \(=\$ 51.45\)Find the purchase price.
Sales tax rate \(=5.75 \%\); total price \(=\$ 3,065.69\)Find the purchase price.
Harris has a coupon for \(20 \%\) off for any purchase. She finds a new tennis racket for \(\$ 278.00\). How much is the price after the coupon is applied?
After the employee discount, Mariam will pay \(\$ 46.55\). What is her employee discount rate if the retail price was \(\$ 53.50\) ? Round to nearest full percent.
Resa purchased a new game for her cousin. After sales tax, she paid \(\$ 41.13\). Find the sales tax rate she paid if the purchase price of the game was \(\$ 38.99\).
Larissa opens a new secondhand bookstore. She buys a book for \(\$ 2.75\). What is her percent markup if the sells the book for \(\$ 8.50\). Round to the nearest percent.
Doug opens a used auto parts store. He pays \(\$ 30\) for a car door. How much will he charge if his percent markup is \(60 \% ?\)
Gaia and Seth live in Osceola County in Florida, where the sales tax rate is \(7.5 \%\). They purchased some new camping gear. The price before taxes came to \(\$ 784.62\). How much do they pay after the sales tax is applied?
Theresa decides to purchase a new phone, which has a retail price of \(\$ 799.00\). Her discount is \(20 \%\) through a friends and family plan. The sales tax in her county is \(6.75 \%\). How much will she pay after the discount? How much will she pay after the tax is applied?
Sakari manages a retail outlet. They receive a shipment of shirts. She sees on the shipping list that each shirt cost 24.50 to the store. The store marks up the shirts by \(45 \%\). The county in which she lives charges sales tax of \(6.5 \%\). What is the retail price of one of the shirts? After
If \(\$ 1,500.00\) is invested in an account bearing \(3.5 \%\) interest, what is the principal?
If \(\$ 1,500\) is invested in an account bearing \(3.5 \%\) interest, what is the interest rate?
What is simple interest?
What is the present value of an investment?
What is a partial payment on a loan?
Principal \(P=\$ 5,000\), annual interest rate \(r=6.5 \%\), and number of years \(t=6\)Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 3,500\), annual interest rate \(r=12 \%\), and number of years \(t=7\)Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 7,800\), annual interest rate \(r=11.5 \%\), and number of years \(t=10\)Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 62,500\), annual interest rate \(r=4.88 \%\), and number of years \(t=4\)Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 4,600\), annual interest rate \(r=9.9 \%\), for 18 months Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 19,000\), annual interest rate \(r=16.9 \%\), for 14 months Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 8,500\), annual interest rate \(r=10.66 \%\), for 6 months Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 17,600\), annual interest rate \(r=17.9 \%\), for 20 months Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 4,000\), annual interest rate \(r=8.5 \%\), for 130 days Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 9,900\), annual interest rate \(r=15.9 \%\), for 90 days Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 600\), annual interest rate \(r=16.8 \%\), for 25 days Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal \(P=\$ 890\), annual interest rate \(r=9.75 \%\), for 200 days Calculate the simple interest and payoff for the loan with the given principal, simple interest rate, and time.
Principal is \(\$ 5,300\), annual interest rate is \(2.07 \%\), and time is 18 years.Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is \(\$ 14,700\), annual interest rate is \(3.11 \%\), and time is 10 years.Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is \(\$ 5,600\), annual interest rate is \(2.55 \%\), for 30 months.Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is \(\$ 10,000\), annual interest rate is \(1.99 \%\), for 15 months.Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is \(\$ 2,000\), annual interest rate is \(3.22 \%\), for 100 days.Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is \(\$ 900\), annual interest rate is \(3.75 \%\), for 175 days.Find the future value of the investment with the given principal, simple interest rate, and time.
A simple interest loan for \(\$ 2,700\) is taken out at \(11.6 \%\) annual percentage rate. A partial payment of \(\$ 1,500\) is made 28 days into the loan period.Determine the amount applied to principal for the indicated partial payment on the loan with the given principal, interest rate, and
A simple interest loan for \(\$ 900\) is taken out at \(18.9 \%\) annual percentage rate. A partial payment of \(\$ 400\) is made 30 days into the loan period.Determine the amount applied to principal for the indicated partial payment on the loan with the given principal, interest rate, and time
A simple interest loan for \(\$ 13,500\) is taken out at \(14.8 \%\) annual percentage rate. A partial payment of \(\$ 8,000\) is made 75 days into the loan period.Determine the amount applied to principal for the indicated partial payment on the loan with the given principal, interest rate, and
A simple interest loan for \(\$ 9,900\) is taken out at \(9.875 \%\) annual percentage rate. A partial payment of \(\$ 4,000\) is made 65 days into the loan period.Determine the amount applied to principal for the indicated partial payment on the loan with the given principal, interest rate, and
A simple interest loan for \(\$ 2,700\) is taken out at \(11.6 \%\) annual percentage rate. A partial payment of \(\$ 1,500\) is made 28 days into the loan period.Determine the remaining principal for the indicated partial payment on the loan with the given principal, interest rate, and time when
A simple interest loan for \(\$ 900\) is taken out at \(18.9 \%\) annual percentage rate. A partial payment of \(\$ 400\) is made 30 days into the loan period Determine the remaining principal for the indicated partial payment on the loan with the given principal, interest rate, and time when the
A simple interest loan for \(\$ 13,500\) is taken out at \(14.8 \%\) annual percentage rate. A partial payment of \(\$ 8,000\) is made 75 days into the loan period.Determine the remaining principal for the indicated partial payment on the loan with the given principal, interest rate, and time when
A simple interest loan for \(\$ 9,900\) is taken out at \(9.875 \%\) annual percentage rate. A partial payment of \(\$ 4,000\) is made 65 days into the loan period.Determine the remaining principal for the indicated partial payment on the loan with the given principal, interest rate, and time when
Principal \(=\$ 1,500\), rate \(=6.99 \%\), term is 5 years, partial payment of \(\$ 900\) made 2 years into the loan.Find the payoff value of the loan with the given principal, annual simple interest rate, term, partial payment, and time at which the partial payment was made.
Principal \(=\$ 21,500\), rate \(=7.44 \%\), term is 10 years, partial payment of 15,000 made after 6 years.Find the payoff value of the loan with the given principal, annual simple interest rate, term, partial payment, and time at which the partial payment was made.
Principal \(=\$ 6,800\), rate \(=11.9 \%\), term is 200 days, partial payment of \(\$ 4,000\) made after 100 days.Find the payoff value of the loan with the given principal, annual simple interest rate, term, partial payment, and time at which the partial payment was made.
Principal \(=\$ 800\), rate \(=13.99 \%\), term is 150 days, partial payment of \(\$ 525\) made after 50 days.Find the payoff value of the loan with the given principal, annual simple interest rate, term, partial payment, and time at which the partial payment was made.
Principal \(=\$ 4,500\), rate \(=8.75 \%\), years \(=3\)Find the monthly payment for a loan with the given principal, annual simple interest rate and number of years.
Principal \(=\$ 2,700\), rate \(=15.9 \%\), years \(=5\)Find the monthly payment for a loan with the given principal, annual simple interest rate and number of years.
Principal \(=\$ 13,980\), rate \(=10.5 \%\), years \(=4\)Find the monthly payment for a loan with the given principal, annual simple interest rate and number of years.
Principal \(=\$ 8,750\), rate \(=9.9 \%\), years \(=10\)Find the monthly payment for a loan with the given principal, annual simple interest rate and number of years.
\(F V=\$ 25,000, t=15\) years, annual simple interest rate of \(6.5 \%\)Find the present value for the given future value, \(F V\), annual simple interest rate \(r\), and number of years \(t\).
\(F V=\$ 12,000, t=10\) years, annual simple interest rate of \(4.5 \%\)Find the present value for the given future value, \(F V\), annual simple interest rate \(r\), and number of years \(t\).
\(F V=\$ 15,000, t=16\) years, annual simple interest rate of \(3.5 \%\)Find the present value for the given future value, \(F V\), annual simple interest rate \(r\), and number of years \(t\).
\(F V=\$ 100,000, t=30\) years, annual simple interest rate of \(5.5 \%\)Find the present value for the given future value, \(F V\), annual simple interest rate \(r\), and number of years \(t\).
Rita takes out a simple interest loan for \(\$ 4,000\) for 5 years. Her interest rate is \(7.88 \%\). How much will Rita pay when the loan is due?
Humberto runs a private computer networking company, and needs a loan of \(\$ 31,500\) for new equipment. He shops around for the lowest interest rate he can find. He finds a rate of \(8.9 \%\) interest for a 10 -year term. How much will Humberto's payoff be at the end of the 10 years?
Jaye needs a short-term loan of \(\$ 3,500\). They find a 75 -day loan that charges \(14.9 \%\) interest. What is Jaye's payoff?
Theethat's car needs new struts, which cost \(\$ 1,189.50\) installed, but he doesn't have the money to do so. He asks the repair shop if they offer any sort of financing. It offers him a short-term loan at \(18.9 \%\) interest for 60 days. What is Theethat's payoff for the struts?
Michelle opens a gaming shop in her small town. She takes out an \(\$ 8,500\) loan to get started. The loan is at \(9.5 \%\) interest and has a term of 5 years. Michelle decides to make a partial payment of \(\$ 4,700\) after 3 years. What will Michelle pay when the loan is due?
A small retailer borrows \(\$ 3,750\) for a repair. The loan has a term of 100 days at \(13.55 \%\) interest. If the retailer pays a partial payment of \(\$ 2,000\) after 30 days, what will the loan payoff be when the loan is due?
Sharon invests \(\$ 2,500\) in a CD for her granddaughter. The \(C D\) has a term of 5 years and has a simple interest rate of \(3.11 \%\). After that 5 -year period, how much will the CD be worth?
Jen and Fred have a baby, and deposit \(\$ 1,500\) in a savings account bearing \(1.76 \%\) simple interest. How much will the account be worth in 18 years?
Yasmin decides to buy a used car. Her credit union offers \(7.9 \%\) interest for 5 -year loans on used cars. The cost of the car, including taxes and fees, is \(\$ 11,209.50\). How much will Yasmin's monthly payment be?
Cleo runs her own silk-screening company. She needs new silk-screening printing machines, and finds two that will cost her, in total, \(\$ 5,489.00\). She takes out a 3 -year loan at \(8.9 \%\) interest. What will her monthly payments be for the loan?
Kylie wants to invest some money in an account that yields \(4.66 \%\) simple interest. Her goal is to have \(\$ 20,000\) in 15 years. How much should Kylie invest to reach that goal?
Ishraq wants to deposit money in an account that yields \(3.5 \%\) simple interest for 10 years, to help with a down payment for a home. Her goal is to have \(\$ 25,000\) for the down payment. How much does Ishraq need to deposit to reach that goal?
Yasmin decides to buy a used car. Her credit union offers \(7.9 \%\) interest for 5 -year loans on used cars. The cost of the car, including taxes and fees, is \(\$ 11,209.50\). How much did she pay the credit union over the 5 years? What was the cost of financing for Yasmin?Use the Cost of
Cleo runs her own silk-screening company. She needs new silk-screening printing machines, and finds two that will cost her, in total, \(\$ 5,489.00\). She takes out a 3 -year loan at \(8.9 \%\) interest. What was the cost of financing for Cleo?Use the Cost of Financing. The difference between the
\(45 \%\)Rewrite the percent as a fraction

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