Topic 3 7th Graders

Front

What is the process to convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign (%).

Front

How do you calculate simple interest?

Back

Simple interest can be calculated using the formula: I = P * r * t, where I is the interest, P is the principal amount, r is the rate of interest (in decimal), and t is the time (in years).

Front

What does it mean to discount a price?

Back

To discount a price means to subtract a certain amount or percentage from the original price.

Front

How do you convert a percent to a decimal?

Back

To convert a percent to a decimal, divide the percent by 100.

Front

What is the decimal equivalent of 25%?

Back

0.25

Front

If you have a principal of $1500, a rate of 5%, and a time of 3 years, what is the simple interest earned?

Back

The simple interest earned is $225. (I = 1500 * 0.05 * 3)