Victor 900 Calculator User Manual


 
Lesson 12: Interest
Victor 900 Calculator Teacher’s Guide
57
STUDENT WORKSHEET
INTERESTing Ride
Hop aboard and get ready for the
INTERESTing ride!!
Below are a few problems that are fun. Come along and enjoy the
ride.
Mr. Bob has a piggy bank that has $300.00 in it. The piggy pays
Mr. Bob 3% per year. How much interest will piggy pay Mr. Bob in
the first year?
Mrs. Bob has a jar full of $3,500.00 all in pennies that is 350,000
pennies. Every year the jar pays Mrs. Bob 9% interest. How much
money will the jar pay Mrs. Bob at the end of the year?
Mr. and Mrs. Bob have a bank account for Little Bob their son. At
the start of the year, they put a deposit of $2,500.00. The bank
pays a yearly interest of 6%. How much will Mr. and Mrs. Bob
have at the end of the year?
Sam, Little Bob’s friend asks Little Bob for $50 to buy ice cream for
a month. Little Bob is smart and gives Sam the money with a fee
of 2% interest. How much money total will Sam have to pay Little
Bob at the end of the month?
Mr. Smith works with Mr. Bob, and they both need lunch, but Mr.
Bob does not have money with him. Mr. Smith pays $15 for Mr.
Bob’s lunch and says to pay him back in 4 days with 2% interest
for everyday until he pays. How much money will Mr. Bob have to
pay Mr. Smith total in 4 days?