Discounts
Tax
Banking World Vocab
Simple Interest
Challenge
100

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

What is $1.00

100

What is the .0635 written as a percent

What is 6.35%

100

DAILY DOUBLE

In the banking world what does CD stand for?

What is Certificate of Deposit?

100

Your deposit $500 into a 1 year CD. Your annual percentage rate is 6%. What is the amount of interest you will earn in 1 month?

What is $2.50

100

Is sales tax the same amount in every state?

What is NO.

200

Call of Duty costs $49.00 but is on sale for 20% off. How much is the discount?

What is $9.80

200

What would the tax be on an Under Armour shirt that costs $38.00 with 8% tax?

What is $3.04

200

Which account pays you a higher interest rate to hold your money in the bank -

Checking Account or Savings Account

What is Savings account?

200

You deposit $1500 into a 1 year CD. Your annual percentage rate is 5%. What is the amount of interest you will earn in 6 months?

What is $37.50

200

What are 2 ways you can earn money in the banking world?

What is buying a CD, having a Savings Account, Investing in a Money Market Account....others?

300

DAILY DOUBLE

A pair of Jordans cost $99.00 and are on sale for 15% off. What is the discount?

What is $14.85

300

What is the tax on an Xbox game that costs $45.00 with a tax of 6.21%?

What is $2.79

300

What does APR stand for?

What is Annual Percentage Rate?

300

You deposit $8,000 into a 1 year CD. Your annual percentage rate is 2.5%. What is the amount of interest you will earn in 5 months?

What is $83.33

300

DAILY DOUBLE

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 costs $400.00, but Zack has a coupon for 10% off. How much money will he save?

What is $40.00

400

DAILY DOUBLE

Coach goes on a date and spends $79.50. How much extra will he pay for tax if the tax rate is 5.97%?

What is $4.75

400

The Principal Amount is:

-the amount of money you make from the bank

-the amount of interest you receive

-the beginning balance in your investment account

What the beginning balance in your investment account?

400

You deposit $9,500 into a 6 month CD. Your annual percentage rate is 6%. What is the amount of interest you will earn in 6 months?

What is $285

400

A new Xbox costs $450.00. Best Buy has a coupon for "Save $50.00", and Target has a coupon for "10% off". Where should you buy the Xbox?

What is Best Buy.

500

Coach buys a new iphone x that costs $685.00 originally, but he has a coupon for $20% off. How much will he PAY or the phone?

What is $548.00

500

Brandon buys Call of Duty WWII for $50.00 and Call of Duty Black Ops for $38.00. He pays 9% in tax. How much will he PAY in tax?

What is $7.92

500

What do the letters in formula I=PRT stand for?

What are Interest, Principal, Rate, Time?

500

You deposit $800 into a 1 year CD. Your annual percentage rate is 8.95%. What is the amount of interest you will earn in 1 year?

What is $71.60


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