Percentages: Fill in the blanks: Decimal Percent Fraction (Reduced) 8 64% 8,4 Percent change Write an equation to calculate the new value of a stock if it drops 32% in one day. Use the N to represent the new value of the stock and O to represent the old value Use the equation to calculate the new value of a stock worth $4400 that drops 32% in one day. Write an equation to calculate the new value of a stock if it grows 21% in one day. Use N to represent the new value of the stock and to represent the old value Use the equation to calculate the new value of a stock worth $3300 that grows 21% in one day. A stock is worth $3600 and drops 25% to $2,700 in one day. What percent does the stock have to grow the next day to get back to $3600? Hint: the answer is not 25%! 1 Non-text To compute the retail price, a store owner uses the formula R = 1.18W (R and Ware, respectively. the retail and wholesale prices). What is the percent markup? b. To compute the sale price, a store owner uses the formula S 0.73R (S and Rare, respectively, the sale and retail prices). What was the percent off for the sale? Your employer increases your hourly wages by $2.08 per hour. Find the percent increase in your salary if your new salary is $14.28 an hour. Express your answer to the nearest tenth of a percent. Express your answer in a sentence. Personal Loans and Simple Interest: [1 = Prt; S = P(1+rt)] 1. Find the simple interest. Assume the interest rate is annual. Where appropriate, assume the Banker's Rule. a. p = $960, r = 3.6%, t - 5 years b. p = $880, r = 5.4%, t = 75 days 2 2. Find the missing value. Where appropriate, assume the Banker's Rule. a. p,r4.5%, t 90 days. I - $13.50 b p=$2400,=?t2.4 years, i - $144 3. Tyler needed $3,600 to build a new shed. He received a loan from his credit union with a simple annual interest rate of 3.2 % for 15 months. a. Determine the total amount Tyler paid to the credit union at the end of the term. b. Calculate the simple interest Tyler paid on the loan. 3 4. Edwinna borrowed $4800 from her mother to buy new carpets. After 8 months, she paid back $4944. What was the annual rate of simple interest on the loan from her mother