Conversions
Sales Tax/commisions
What are you interested in?
asset OR liability?
100

23% to a decimal

0.23

100

Junior bought a shirt for $20. The sales tax is 7.6%. What amount of sales tax will be charged?

$1.52

100

How do you calculate simple interest?

I = prt

100

Savings account

Asset

200

15/100 to percent

15%

200

A pair of jeans was originally priced at $86 and was on sale for $32. Set up a proportion on how to calculate the percent discount.

x/100 = 32/86

200

Principal (P) = 1500, Rate (r) = 7%, Time (t) = 8 years. Calculate the Interest.

$840

200

Student Loans

Liability

300

3.67 to a percent

367%

300
Sally ate at a restaurant and left an 18% tip on a bill of $79.23. What was her total bill?

$93.49

300

Jose deposits $1500 of his tax refund into an account that earns simple annual interest.

How much interest will his account earn after 6 years at an annual interest rate of 4%?

$360

300

Credit Card Debt

Liability

400

28/100 to decimal

0.28

400

Lilah opened a savings account in the beginning of March with $33.00. 2 weeks later, she added $5 to her account. Her savings account grows 4.6% each month. How much money does Lilah have by December? 

$17.48

400

Which item doesn't match?

Credit card balance

Student loans

Checking account 

Car loan

Mortgage

Checking account

500

3.6% to a decimal

0.036

500

Tabitha begins saving for college tuition. She invests $1,000 in an account that pays

2.5% simple interest. How many years before his account has reached $1,500?

20 years

500

Frank has a checking and savings account that totals $37,000 and a home that has a current value of $78,000. He has $12,000 in credit card debt, $1900 in student loans, and a car loan of $8675. What is his net worth?

$92425