Financial Math Fall Final Unit 1 Calculations Review

Financial Math Fall Final Unit 1 Calculations Review

Assessment

Flashcard

Mathematics, Other

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is percent increase?

Back

Percent increase is a measure of how much a quantity has increased relative to its original amount, expressed as a percentage. It is calculated using the formula: ((New Value - Old Value) / Old Value) * 100.

2.

FLASHCARD QUESTION

Front

Calculate the percent increase from $37 to $42.

Back

14%.

3.

FLASHCARD QUESTION

Front

What is the formula to calculate savings from a percentage of income?

Back

Savings = (Percentage / 100) * Income.

4.

FLASHCARD QUESTION

Front

If Mr. Incredible saves 5% of $5000, how much does he save?

Back

$250.

5.

FLASHCARD QUESTION

Front

If Mr. Incredible saves 3% of $5000, how much does he save?

Back

$150.

6.

FLASHCARD QUESTION

Front

How much does Mr. Incredible save in total each month?

Back

$400.

7.

FLASHCARD QUESTION

Front

What does a discount mean in financial terms?

Back

A discount is a reduction in the usual price of a product or service, often expressed as a percentage.

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