Unit 6 Percent Test

What does the term "principal" mean when you are calculating simple interest?

• The cost of an item minus the discount plus sales tax

• Amount of money invested into a savings account

• A fee paid for making a sale

• Sales tax on the sale of an item

Tags

CCSS.7.RP.A.3

What does interest mean when using I=PRT?

• A tax that is added on the cost of an item

• The amount of extra money you pay back to a bank when you borrow money from them

• A tip you give a waiter for good service

• Fee paid for making a sale

Tags

CCSS.7.RP.A.3

When calculating simple interest, if you borrow money for 3 months, what decimal would you use for time in I=PRT?

• 3

• 0.3

• 0.25

• 0.75

Tags

CCSS.7.RP.A.3

What does commission mean?

• Extra money a salesperson is given for selling a product

• Money earned from a savings account

• Tax on the sale of an item

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

A shirt was originally $20. The shirt went on sale for $16. Which choice below can be used to find the percent of decrease in the price of the shirt.

• 
• 
• 
• 

Tags

CCSS.6.RP.A.3C

Which of the jobs can an employee earn commission?

• Car sales person

• Nurse

• Teacher

• Waiter

Jeremiah invests $1,000 into a savings account at an interest rate of 4% for 5 years.

Which of the following is the correct equation to show how to find how much money in simple interest he will earn?

(Hint: I=PRT)

• I=(1,000)(0.05)(0.04)

• I=(1,000)(4)(5)

• I=(1,000)(0.05)(4)

• I=(1,000)(0.04)(5)

Tags

CCSS.7.RP.A.3

When an item is on sale at a store, the amount the regular price of item is reduced is called the

• discount
• markup
• sale price
• price tag

Tags

CCSS.6.RP.A.3C

Convert 3.75% into a decimal

• 3.75

• 375

• 0.375

• 0.0375

When a store sells an item for more than it pays for the item, this is called a

• loss
• markup
• discount
• principal

Tags

CCSS.6.RP.A.3B