What is the formula to calculate the percentage of a budget spent on a specific category?
2021 STAAR Released Test 7th Grade

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Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Percentage = (Part / Whole) x 100
2.
FLASHCARD QUESTION
Front
If a family has an income of $3,200 and spends $480 on medical expenses, what percent of their budget is spent on medical expenses?
Back
15% (calculated as (480 / 3200) x 100)
3.
FLASHCARD QUESTION
Front
What is simple interest?
Back
Simple interest is calculated using the formula: Interest = Principal x Rate x Time.
4.
FLASHCARD QUESTION
Front
If you deposit $5,000 in a bank offering 2.5% simple interest, how much interest will you earn in 3 years?
Back
$375 (calculated as 5000 x 0.025 x 3)
5.
FLASHCARD QUESTION
Front
What is a unit rate?
Back
A unit rate is a comparison of two different quantities when they are combined together. It is often expressed as a quantity per 1 unit.
6.
FLASHCARD QUESTION
Front
If Will spent $3.75 for 3 pounds of granola, how do you calculate the unit rate in dollars per pound?
Back
Unit rate = Total cost / Total pounds = 3.75 / 3 = $1.25 per pound.
7.
FLASHCARD QUESTION
Front
What does the term 'whole amount' refer to in percentage calculations?
Back
The whole amount is the total quantity or value from which a percentage is calculated.
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