Percent Unit Review

Front

What is a mandatory charge collected by a local government, added to purchases?

Back

Tax

Front

If Sam borrowed $4,500 for 2 years and paid $630 simple interest, what rate of interest did he pay?

Back

7%

Front

Before using the rate given as a percent (%) in the simple interest formula, you must first convert it to a______?

Back

decimal

Front

If flip-flops are priced at $24.00 and there is a buy one, get one half-off sale, how much will each pay if Maria and Jackie split the total evenly?

Back

$18.00

Front

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Back

$1392

Front

What is the formula for calculating simple interest?

Back

Simple Interest = Principal × Rate × Time

Front

How do you convert a percentage to a decimal?

Back

Divide the percentage by 100.

Front

What is the total cost of an item priced at $50 with a 10% sales tax?

Back

$55.00

Front

If a discount of 20% is applied to a $30 item, what is the final price?

Back

$24.00

Front

What does it mean to split a bill evenly?

Back

Each person pays the same amount.