Discounts
Tax
Banking World Vocab
Simple Interest
Challenge
100

Micah buys a gatorade that originally costs $2.00, but it is now 50% off.  What is the discount?

What is $1.00?

100

 0.635 written as a percent

What is 6.35 %?

100

This is a financial institution that accepts deposits or lends money.

What is a bank?

100

Emily deposited $500 into a 1 year account.  Her annual rate is 6%.  What is the amount of interest after the year is up?

What is 30.00?

100

Is sales tax the same amount in every state?

What is no?

200

Fortnite Battle Royale costs $44.00, but is on sale for 20% off. How much is the discount?

What is $8.80?

200

How much tax will JJ pay on a Nike shirt that costs $38.00 with 8% tax?

What is $3.04?

200

Does a checking account or a savings account pay you a higher interest rate to hold your money?

What is a savings account?

200

Kai deposits $1500 into a 1 year account?  His annual rate is 5%.  What is the amount of interest he will earn in 6 months?

What is $37.50?

200

How do banks make money?

What is charging fees to its customers for various programs?

300

A pair of Nike LeBron Witness 4 sneakers cost $99.00 and are on sale for 25% off.  What is the discount?

What is $24.75?

300

How much tax will Nathan pay on an Xbox game that costs him $45.00 with a tax of 6%?

What is $2.70?

300

What is the initial amount that someone borrows or the amount of money one deposits in the bank called?

What is the Principle?

300

Violet borrows $8000 to start her own business.  The bank will charge her a 3% rate for 5 years.  What is the interest she will owe the bank?

What is $1,200.00?

300

Would you rather pay $20.00 for a shirt that is full price or $30.00 for a shirt that is 20% off?

What is $20.00 for a full price shirt?

400

A PS4 cost $400.00, but Alex has a coupon for 10% off. How much money will he save?

What is $40.00?

400

Aniseh and her family go out to dinner and spend $79.50.  How much extra will they spend with an 7% tax?

What is $5.57?

400

To lend (a sum of money or item of property)

What is a loan?

400

Mrs. D. wants to start her own school.  She borrows $250,000 from the bank at a rate of 8%.  She will pay off the loan in 10 years.  How much will she owe the bank after the 10 years?

What is $450,000.00?

400

Name an item that depreciates over time?

What is: a car, technology, or most consumer goods?

500

Emma-Hayes buys a new iphone 11 Pro that costs $679.00 originally. If she buys the phone online, she will receive a 20% coupon.  How much will she pay for the phone?

What is $543.20?

500

James buys a hockey bag for $64.00 and new gloves for $200.00. He pays 8% in tax.  Much will the tax be?

What is $21.12?

500

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

What is a profit?

500

Is a fixed interest rate one that can go up or down, depending on the economy, or stay the same for a period of time?

What is stay the same over a period of time?

500

You have a beginning balance of $3,500. You deposit $950 in cash and $654 in checks. You also write a check to pay a bill for $852.33 and you use your debit card at the gas station for $66.58. What is your ending balance?

What is $4185.09?

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