Financial Math Fall Final Unit 1 Calculations Review
Flashcard
•
Mathematics, Other
•
9th - 12th Grade
•
Hard
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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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