7th Gr Final Review #2 - Ch 2 Percents

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a percent?
Back
A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.
2.
FLASHCARD QUESTION
Front
How do you calculate a percentage of a number?
Back
To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 15% of 76, calculate 76 * 0.15.
3.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage.
4.
FLASHCARD QUESTION
Front
How do you find the final price after a discount?
Back
To find the final price after a discount, subtract the discount amount from the original price. Final Price = Original Price - Discount.
5.
FLASHCARD QUESTION
Front
What is simple interest?
Back
Simple interest is calculated on the principal amount only, not on the interest accrued over time.
6.
FLASHCARD QUESTION
Front
How do you calculate simple interest?
Back
Simple Interest = Principal x Rate x Time. For example, for $5000 at 6% for 3 years, it would be 5000 * 0.06 * 3.
7.
FLASHCARD QUESTION
Front
What is the formula for calculating the total amount in a savings account with simple interest?
Back
Total Amount = Principal + Simple Interest.
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