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  5. Navigating Tax, Tip, And Simple Interest Concepts
Navigating Tax, Tip, and Simple Interest Concepts

Navigating Tax, Tip, and Simple Interest Concepts

Assessment

Interactive Video

•

Mathematics

•

6th - 8th Grade

•

Practice Problem

•

Hard

•
CCSS
7.RP.A.3, 6.RP.A.3C, 7.EE.B.3

Standards-aligned

Created by

Aiden Montgomery

FREE Resource

Standards-aligned

CCSS.7.RP.A.3
,
CCSS.6.RP.A.3C
,
CCSS.7.EE.B.3
This video lesson covers applications of percents, including calculating sales tax, tip and tax on a meal, and interest on a deposit. It provides step-by-step examples for each topic, demonstrating how to convert percentages to decimals and apply them to real-world scenarios. The lesson aims to enhance understanding of how percents are used in everyday financial calculations.

Read more

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of the video lesson?

Geometry and shapes

History of mathematics

Basic algebra concepts

Applications of percents

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you convert a percentage to a decimal for calculation?

Add 100

Subtract 100

Multiply by 100

Divide by 100

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total cost of a $50 shirt with an 8% sales tax?

$54

$50

$58

$52

Tags

CCSS.6.RP.A.3C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What additional costs are considered when calculating the total cost of a meal?

Membership benefits

Coupons

Discounts

Tip and tax

Tags

CCSS.7.EE.B.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the tax on a $75 meal with a 7% tax rate?

$7.00

$5.75

$6.25

$5.25

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total cost of a $75 meal with 7% tax and 15% tip?

$89.50

$90.00

$91.50

$92.50

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What formula is used to calculate interest?

Principal × Rate × Time

Principal + Rate + Time

Principal / Rate / Time

Principal - Rate - Time

Tags

CCSS.7.RP.A.3

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