1. A house has increased in value by 59% and it was purchased. If the original value is $580,000, what was the value after the increase? 2. Macy's offers a shirt at the price of $300. Then one week later, they offer the shirt at 25% off. The shirt still doesn't sell, so after another week, Macy's reduces its new price by an additional 40% off. How much does the shirt cost now? 3. Dave's Candy Store is having a 15% off sale on gourmet candy. Jamal paid $37.40 for a gourmet candy basket that was on sale. What was the original price of the candy basket? 4. The original price of a pair of shoes at Nike Outlet is $109.99 and there is a mark down of 35% because the shop is having a Black Friday sale. What is the amount of money being taken off the original price? 5. The original price of a pair of shoes at Nike Outlet is $119.99 and there is a mark down of 25% because the shop is having a Black Friday sale. What is the amount of money being taken off the original price? Round the answer to the nearest cent (hundredth). 6. A TV at Best Buy is $1,095, and they charge 7.5% sales tax. What is the price you would pay for the TV? 7. A toaster oven is being sold at Best Buck for $44.99, and the sales tax is 7.5%. What is the price you would pay for the toaster oven? 8. Wade took out an emergency student loan for $900 at an interest rate of 4.5%. If Wade wants to pay back the loan in 3 months, how much does he pay back to the lender, including interest? 9. London borrowed $12,900 from a lender that charged simple interest at a rate of 2.56% for 7 years. What is the amount of interest London paid at the end of the loan? 10. Alejandro invests $12,000 at 5.75% interest for 6 years compounded monthly. Find the amount of money in the account after 6 years. 11. Sally deposited $6,500 into an account paying 8% annual interest compounded monthly. How much money will be in the account after 7 years? Round to the nearest cent if necessary. 12. Ken wants to purchase a boat. The purchase price of the boat is $15,000. The dealership will allow him to pay cash or finance the boat for a down payment of $3,000 and 48 monthly payments of $300. Ken chose to finance the boat. Answer the following questions. a) What is the amount financed? b) What is the total amount of monthly payments? c} What is the amount of the finance charge? 13. Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36 monthly installments. What is the amount of her monthly payments? Round your answer to the nearest cent if necessary. 14. A camera has a list price of $459.99 before tax. If the sales tax rate is 7.25%, find the total cost of the camera with sales tax included. Round your answer to the nearest cent, if necessary. 15. An Apple iPad has a list price of $749.00 before tax. Calculate the full price of the Apple iPad with a sales tax rate of 9.5%. Round your answer to the nearest cent, as necessary. 16. Samuel earns $500 each week working his full time job. His employer has a 17% tax deduction on all monies earned each week. Calculate the tax deduction Samuel paid for that week. 17. Frank earns $613 each week working his full time job. His employer has a 10.12% tax deduction on all monies earned each week. Calculate the tax deduction Frank paid for that week. Round the answer to the nearest cent. 18. Julio makes $12.50 per hour. This week he worked 10 hours of overtime which is paid at $20 per hour after his 40 hours. He worked 50 hours in total. What is Julio's gross income this pay period? 19. Julio has a net pay of $537.00 each paycheck. He pays $142.00 in pre-tax deductions and taxes each paycheck. What is Julio's gross income before the tax deductions? 20. Tracie works for a salary of $2,666 per month. She has federal income tax withheld at the rate of 15%, Social Security tax withheld at the rate of 6.2%, Medicare tax withheld at the rate of 1.45%, and health insurance premiums of $48 per month. Tracie's net pay is $____________. 21. Given the lease terms below from a local car dealership, what is the total cash due at signing if the dealership requires down payment, security deposit, first month's payment and the acquisition fee at signing? Length of lease =24 months MSRP of the car = $22,750 Purchase value of the car after lease = $16,900 Down payment = $1,800 Monthly payment = $425 Security deposit = $375 Acquisition fee = $300 a). $2, 475 b). $2,900 c). $375 d). $2,600