What is a tip and how is it calculated?
Lesson 20/21 Major - Lab

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Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill.
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 $26, calculate 26 * 0.15 = $3.90.
3.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal x Rate x Time. For example, if you have $350 at an interest rate of 2.5% for 3 years, the interest is 350 * 0.025 * 3 = $26.25.
4.
FLASHCARD QUESTION
Front
What is percent error?
Back
Percent error is a measure of how inaccurate a measurement is, expressed as a percentage of the true value. It is calculated as: Percent Error = |(Estimated Value - Actual Value)| / Actual Value x 100%.
5.
FLASHCARD QUESTION
Front
How do you find the percent error in a measurement?
Back
To find the percent error, subtract the actual value from the estimated value, take the absolute value, divide by the actual value, and multiply by 100.
6.
FLASHCARD QUESTION
Front
What is the actual acceleration due to Earth's gravity?
Back
The actual acceleration due to Earth's gravity is approximately 9.81 meters per second squared.
7.
FLASHCARD QUESTION
Front
If a bill is $27.31, how do you calculate a 23% tip?
Back
To calculate a 23% tip on a $27.31 bill, multiply 27.31 by 0.23, which equals approximately $6.28.
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