1. Tom deposited $200 as principle into a bank with an interest of 4% compounded annually. What is the balance after 2 years? (Round to the nearest hundredth.) 2. A new cellphone costs $800 at T&T store. During Black Friday, there is a 30% discount, what is the price of the cellphone after the discount?

3. Tom works for a company with an hourly rate of $24.79. His boss informed him that starting next month, he will get an 8% increase of his hourly rate. How much he will earn per hour next month? (Round the nearest hundredth).

4. A store reduced the price of a computer by 20% and sold it for $2400. How much did the computer originally sell for?

5. Lets say that you paid $115 for a textbook and your bookstore marked up the price by 25%. How much did the bookstore pay for the textbook?