FIRESALE!🔥
Discount = Original Price($100) × Discount Rate(20%)
Sale Price = Original Price − Discount
After converting our decimal and multiplying, do we add or subtract for discounts?
SUBTRACT
Shoes are $100 but are 20% discounted. Subtract your discount amount and now the shoes cost $80.
What does the "PRT" stand for in the interest formula: I=P*R*T
Principal, Rate, Time
If a Dime is 10% of a Dollar, what percent is a Dime, a Quarter and Nickel?
40%
Dime - 10
Quarter - 25
Nickel - 5
EQUALS 40 out of 100
ANY percent of 100 is what?
That number!
40% of 100 is 40
70% of 100 is 70
Which bill has some purple on it?
$5.00 bill
*A video game costs $60 and is 25% off. What is the sale price?
C. $45
$60 x .25 = $15
$15 - $60 = $45
The I=PRT formula can help us calculate 3 things?
EXTRA100 if you can name the 4th!
Interest, Taxes, Tips & Discounts
Do we share and talk about our finances, our families finances, or anybody's finances with just anybody?
NO!
If a year is 1, convert 6 months into a decimal
0.5
Sarah buys an item for $7.68 and pays with $10. She says her change is $3.32.
Is Sarah correct?
NO,
10.00 - 7.68 = 2.32
*You have $50 to spend. A pair of headphones costs $65 and is 20% off.
Can you afford the headphones?
NO
$65 x .20 = $13
$13 - $65 = $52
BONUS 100: What is minimum wage in the state of Texas? (minimum amount a job legally has to pay you)
To calculate the RATE of anything such as 20% discount or 8% tax we must first?
CONVERT - The rate must be converted to a decimal first in order to multiple any number by a percent
PICK A TEAM to convert 8.25% to a decimal for them to earn an additional 100
If Mr. Ragan's favorite number was a percent, what would it be as a decimal?
0.02
Find the Mistake:
Jay is shopping for a new backpack. The backpack is 45% off. Before calculating the discount, Jay converts 45% into 4.5 and realizes his answer does not make sense.
Jay says: 45% = 4.5 the correct decimal would be 0.45
Which combination equals $17.63?
A. 1 ten, 1 five, 2 ones, 1 quarter, 3 dimes, 3 pennies
B. 1 ten, 1 five, 2 ones, 2 quarters, 1 dime, 3 pennies
C. 1 ten, 1 five, 1 one, 2 quarters, 3 dimes, 3 pennies
D. 1 ten, 1 five, 2 ones, 3 quarters, 1 dime, 3 pennies
B.
*A pair of sneakers originally costs $95. They are on sale for 35% off.
1. How much is the discount?
2. What is the sale price?
DISCOUNT = $33.25
SALE PRICE = $61.75
Time is measured in years so how many years is 72 months?
6 YEARS
72 ÷ 12 = 6
*ADD:
Dime Quarter Nickel Nickel Dime Dime Quarter Dime Nickel Dime Quarter Penny Penny
$142
Emma needs to convert 0.75% to a decimal.
0.0075
BONUS 100: If you have a credit card limit of $1000 what dollar amount do you want to keep your usage under or below?
*Which is more money?
3 quarters + 4 dimes + 8 pennies
OR
2 quarters + 5 dimes + 33 pennies
2 Quarters + 5 Dimes + 33 Pennies = 1.33
3 Quarters + 4 Dimes + 8 Pennies = 1.23
Marcus finds a pair of shoes for $120. The store is offering 25% off. Marcus also has a $10 coupon that can be used after the discount.
What is the final price of the shoes?
$80
$120 x .25 = $30
$30 - $120 = $90
$10 - $90 = $80
The FDIC only insures and protects up to how much in your account at the bank?
(Federal Deposit Insurance Corporation)
$250,000 per account.
250: What is the range you can get on your Credit Score?
250: What effects your credit score the most?
300 - 850
On-Time Payments
A bank pays 6.25% interest on a savings account. To use the interest formula, a student must convert the percentage to a decimal?
What decimal should the student use?
Do savings account earn interest or pay it?
0.0625
EARN - the bank pays interest on your savings account because they use your money while its stored at the bank.
You owe $7.42 and hand the cashier a $10 bill and a quarter.
How much change should you receive?
$2.83
$10.25 - $7.42 = $2.83