Percent Application

Front

What is the formula to calculate the total amount to be paid back on a loan with interest?

Back

Total Amount = Principal + (Principal × Interest Rate × Time)

Front

If an item originally costs 'p' dollars and is on sale for a 25% discount, what is the sale price?

Back

Sale Price = p - (0.25 × p) = 0.75p

Front

How do you calculate the amount saved when receiving a percentage discount on an item?

Back

Amount Saved = Original Price × Discount Percentage

Front

What is the sales tax formula?

Back

Sales Tax = Price of Item × Sales Tax Rate

Front

If you want to leave a tip that is a percentage of the total bill, how do you calculate it?

Back

Tip Amount = Total Bill × Tip Percentage

Front

What is 25% of $22.00?

Back

$5.50

Front

How much is the sales tax on a $59.99 radio and a $13.99 CD if the tax rate is 7%?

Back

Sales Tax = (59.99 + 13.99) × 0.07 = $5.18

Front

What expression represents the price of an item after a 25% discount?

Back

0.75p or (1.0 - 0.25)p

Front

If a dinner bill is $26 and you want to leave a 15% tip, how much is the tip?

Back

Tip = 26 × 0.15 = $3.90

Front

What is the total amount to be paid back on a $500 loan at 6% interest for 6 months?

Back

Total Amount = 500 + (500 × 0.06 × 0.5) = $515.00