PERCENT INCREASE OR DECREASE

PROBLEMS (2)

Do the problem yourself first!

Review

12.  Write the three rules which relate the Amount, the Base, and the
12.  Percent.

 Amount = Base × Percent Base = Amount ÷ Percent Percent = Amount ÷ Base

13.  To find the unknown number, multiply only to find the Amount.

 14.  With a calculator, how do we interpret the fraction Amount   Base ?

Amount ÷ Base

Apply the rules to the following banking problems.  To recognize which is the Amount and which is the Base, rephrase each problem in this form:

___ is ___% of ___ ?

Written calculations

15.  Harold deposited \$1,250 in a bank where the rate of interest is 3%
15.  annually.  In one year, how much interest will he earn?  \$37.50

16.  Irene wants to earn \$300 in interest towards her vacation next year.
16.  The bank is paying 6% interest. How much should she deposit?

\$5,000

17.  Jane deposited \$800 and got \$32 in interest.  What was the rate of
17.  interest?  (Use the method of proportions.)  4%

18.  If the bank pays 5¼% interest, and you deposit \$2500, how much
18.  money in interest will you earn?  \$131.25

19.  Jason received an interest payment of \$137.50 from a deposit of
19.  \$2500.  What was the rate of interest?  5.5%

Calculator Problems

 20.  Theresa invested \$725 in a CD at 5 34 %.  How much interest will she

20.  earn?  \$41.69

 21.  If Theresa earned \$725 in interest at 5 34 %, how much did she

20.  deposit?  \$12,608.70

22.  Raymond deposited \$1600 into a CD, for which he got \$76.50 in
22.  interest.  What was the rate of interest?  4.8%

Continue on to the next Lesson.