STAAR Bootcamp 6

7th Grade Math :The test that shall not be named day 6

Personal Financial Literacy

Learning Targets:

I can...

TEKS 7.13A-F

• Calculate Sales Tax

• Identify Incentives

• Calculate Interest

• Identify Net Worth

• Budget

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Multiple Choice

What Brand is this?

• Target

• Starbucks

• Dunkin'

• Acme

Multiple Choice

What Brand is this?

• Vans

• Adidas

• Nike

• Oofos

Multiple Choice

What Brand is this?

• Google

• Nike

• Microsoft

• Apple

Multiple Choice

What Brand is this?

• Google

• Samsung

• Microsoft

• Apple

Reorder

Reorder the following

These are the steps to calculating Sales Tax

• Find the Percent

• Change the Percent to a decimal

• Multiply the Decimal to the item

• Voila! That is your TAX

1

2

3

4

• 1
• 2
• 3
• 4

Match

Match the following

• 0.125

• 0.5

• 0.75

• 1

• 0.35

12.5%

50%

75%

100%

35%

• 12.5%

• 50%

• 75%

• 100%

• 35%

Math Response

Remember :

Convert the Percent to a decimal

Multiply by the whole

Type answer here

Correct Answer: 24.50

Deg^°

Rad

Drag and Drop

​

Placeholder

​

Placeholder

​

Placeholder

​

Placeholder

He will be​

Placeholder

under budget

Drag these tiles and drop them in the correct blank above

8.00

74.00

8.25

6.00

3.68

Draw

Draw Time

Let's take a 5 minute break!

Draw your best person!

Dropdown

Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

What is the principle? ​

Select answer

What is the rate? ​

Select answer

What is the time? ​

Select answer

Drag and Drop

Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?



$$I\ =\ P\cdot r\cdot t$$

= ​ (​

Placeholder

) x (​

Placeholder

) x (​​

Placeholder

)

Drag these tiles and drop them in the correct blank above

$300

6%

5 years

Multiple Choice

The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.

• the amount of money borrowed or deposited

• the percent interest for his year

• the amount taxed

• the amount the bank owes you for being a customer at their bank

Multiple Choice

The simple interest formula is I=Prt.  What does the t represent?

• Principle

• Interest

• Time

• Percent Rate

GO TO ZOOM WINDOW

Multiple Choice

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800

• $1,000

• $1,200

• $1,500

Poll

What is your favorite food

• Pasta

• Pizza

• Steak

Poll

Do You like Fruit or Vegtables more

• Fruit

• Vegetables

Poll

Which one do you like more

• Baking

• Cooking

Multiple Choice

What is the formula to find NET WORTH?

• Assets - Liabilities

• Assets + Liabilities

• Net worth - Assets

• Liabilities - Networth

• a

Multiple Choice

Property owned by a person or company, regarded as having value is an __________

• asset

• liability

• net worth

• pizza

Multiple Choice

The difference of what you own and what you owe (the difference between assets and liabilities)

• asset

• liability

• net worth

• coconut

Multiple Choice

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Multiple Choice

Assets=$20,000

Liabilities=$50,000

What is the net worth?

• $80,000

• - $80,000

• $30,000

• - $30,000

Multiple Choice

Which of the following is an asset?

• mortgage

• school loan

• jewelry

• credit card bill

Multiple Choice

You can have negative Net Worth.

• True

• False

Multiple Choice

A thing for which someone is responsible, especially a debt or financial obligation is a _____.

• asset

• liability

• net worth

• bacon

Multiple Choice

The table below shows Claude's assets and liabilities.  What is the total value of his liabilities?

• $24,950

• -$24,520

• $25,420

• $50,370

Open Ended

THE END OF CLASS...

THANKS A BUNCH...

TELL ME SOMETHING

1 - what you learned

2- what you would like extra help with

3 - how is review so far??