Solve Problems with Money

Size: px
Start display at page:

Download "Solve Problems with Money"

Transcription

1 SS NS 3.3G5.NB.7 Solve problems Add, subtract, involving multiply, addition, and divide subtraction, decimals to multiplication, hundredths, using and concrete models or drawings and strategies based on place value, division of money amounts in decimal notation and multiply and properties of operations, and/or the relationship between addition and subtraction; divide relate the money strategy amounts to a written in decimal method and notation explain by theusing wholenumber multipliers and reasoning used. divisors. UNDRLYNG SKLLS AND ONS: add and subtract with money; choose the operations Solve roblems with Money Key d e a When you add or subtract decimals, you need to line up the numbers on the decimal points. stimate to be sure that your answer makes sense after you place the decimal point. $ $ have no problem with money! $ $ $$$ $ $ $ $ x a m p x a m p l l 1 Mary bought a taco and milk for lunch. he taco cost $1.59. Milk cost $0.70. How much money did she spend? Find $1.59 $0.70. Write the problem vertically. Line up the decimal points. hen add as with whole numbers. Write a dollar sign and a decimal point. o check, estimate. Did you put the decimal point in the right place? 2 1 $ $2.29 Marco owes $3.09 for lunch. He paid with a 5-dollar bill. How much change should he get back? Find $5.00 $3.09. Write the problem vertically. Line up the decimal points. hen subtract as with whole numbers. Write a dollar sign and a decimal point. o check, add back. Did you put the decimal point in the right place? $ $1.91 stimate to check. $1.59 is about $1.50 $0.70 is about $0.50 otal is about $2.00. Add back to check. $ = $5.00 page 242 hapter 21 Lesson 1

2 R A stimate to check your answers. Show your work. 1. $1.28 $2.90 $ $3.85 $1.30 $ $ $3.01 $0.56 $ $3.77 $1.89 $ $ $ 1.99 $10.00 $ $10.00 $8.99 $ $ $ Dora bought a pretzel and fruit. She gave the clerk $5.00. How much change should she get? $ Kareem bought two pretzels. He gave the clerk $2.00. How much change should he receive? $ Mr. Smith bought one of each item on the list. He paid with $5.00 and got $1.80 in change. Did he stimation MR David has a $10 bill. He wants to buy a collar for $5.00, a brush for $3.98 and shampoo for $4.50. Does he have enough money? xplain why you don t need an exact solution to find out. No; ossible answer: f estimate, the cost of the collar and the shampoo cost almost $10. know he won t have $3.98 left for the brush. hapter 21 Lesson 1 page 243

3 R A at home! stimate to check your answers. Show your work. 1. $1.36 $2.80 $ $3.75 $1.20 $ $ $3.04 $0.52 $ $3.66 $1.78 $ $ $2.39 $10.00 $ $10.00 $7.99 $ $ $ Aileen bought crackers and fruit. She gave the clerk $2.00. How much change should she get? $ Juston bought two juices. He gave the clerk $5.00. How much change should he receive? $ Mr. Marcus bought one of each item on the list. He paid with $10.00 and got $6.80 in change. Did he stimation MR Martha has a $10 bill. She wants to buy shampoo for $5.60, a brush for $3.68, and hair clips for $3.25. Does she have enough money? xplain why you don t need an exact solution to find out. No; if estimate the shampoo and brush will cost over $9.00. here will not be enough left to buy the clips. page 162 Home Resource and Homework hapter 21 Lesson 1

4 R A stimate to check your answers. Show your work. 1. $1.28 $2.90 $ $3.85 $1.30 $ $ $3.01 $0.56 $ $3.77 $1.89 $ $ $ 1.99 $10.00 $ $10.00 $8.99 $ $ $ Dora bought a pretzel and fruit. She gave the clerk $5.00. How much change should she get? $ Kareem bought two pretzels. He gave the clerk $2.00. How much change should he receive? $ Mr. Smith bought one of each item on the list. He paid with $5.00 and got $1.80 in change. Did he stimation MR David has a $10 bill. He wants to buy a collar for $5.00, a brush for $3.98 and shampoo for $4.50. Does he have enough money? xplain why you don t need an exact solution to find out. No; possible answer: f estimate, the cost of the collar and the shampoo cost almost $10. know he won t have $3.98 left for the brush. hapter 21 Lesson 1 Student Book age page 243

5 R A at home! stimate to check your answers. Show your work. 1. $1.36 $2.80 $ $3.75 $1.20 $ $ $3.04 $0.52 $ $3.66 $1.78 $ $ $2.39 $10.00 $ $10.00 $7.99 $ $ $ Aileen bought crackers and fruit. She gave the clerk $2.00. How much change should she get? $ Juston bought two juices. He gave the clerk $5.00. How much change should he receive? $ Mr. Marcus bought one of each item on the list. He paid with $10.00 and got $6.80 in change. Did he stimation MR Martha has a $10 bill. She wants to buy shampoo for $5.60, a brush for $3.68, and hair clips for $3.25. Does she have enough money? xplain why you don t need an exact solution to find out. No; if estimate the shampoo and brush will cost over $9.00. here will not be enough left to buy the clips. page 162 Home Resource and Homework hapter 21 Lesson 1

WHOLE NUMBERS (Practice Multiplying and Dividing with Applications)

WHOLE NUMBERS (Practice Multiplying and Dividing with Applications) Tallahassee Community College 9 WHOLE NUMBERS (Practice Multiplying and Dividing with Applications) The multiplication table must be known. See the table on the last page of this worksheet. It is easier

More information

SIMPLE AND COMPOUND INTEREST

SIMPLE AND COMPOUND INTEREST SIMPLE AND COMPOUND INTEREST 8.1.1 8.1.3 In Course 2 students are introduced to simple interest, the interest is paid only on the original amount invested. The formula for simple interest is: I = Prt and

More information

Solve Problems with Percent

Solve Problems with Percent SS NS.G6.R.3.c nterpret Find percents a percent as of part a quantity of a hundred; as a rate per find decima (e.g., 30% andof a quantity means 30/ times the quantity); sove probems invoving finding the

More information

Lesson 4 Section 1.11, 1.13 Rounding Numbers Percent

Lesson 4 Section 1.11, 1.13 Rounding Numbers Percent Lesson 4 Section 1.11, 1.13 Rounding Numbers Percent Whole Number Place Value 0, 0 0 0, 0 0 0, 0 0 0, 0 0 0, 0 0 0, 0 0 0, 0 0 0 sextillions hundred quintillions ten quintillions quintillions hundred quadrillions

More information

Expressions and Equations Post Assessment

Expressions and Equations Post Assessment Name Expressions and Equations Post Assessment Class Date Multiple-Choice Identify the letter of the choice that best completes the statement or answers the question. Bubble in the answer for each question

More information

Arithmetic Revision Sheet Questions 1 and 2 of Paper 1

Arithmetic Revision Sheet Questions 1 and 2 of Paper 1 Arithmetic Revision Sheet Questions and of Paper Basics Factors/ Divisors Numbers that divide evenly into a number. Factors of,,,, 6, Factors of 8,,, 6, 9, 8 Highest Common Factor of and 8 is 6 Multiples

More information

III. Solving Applications: Systems of Two Equations

III. Solving Applications: Systems of Two Equations III. Solving Applications: Systems of Two Equations Problem Solving Strategy Step 1: Familiarize. Step 2: Write system. Step 3: Solve the system. Read & reread problem. Organize info. Make a drawing. Label

More information

1.3 Real World and Mathematical Problems

1.3 Real World and Mathematical Problems .3. Real World and Mathematical Problems with Rational Numbers - 7.NS.3 www.ck2.org.3 Real World and Mathematical Problems with Rational Numbers - 7.NS.3 Students will change between equivalent forms of

More information

Unit 8 - Math Review. Section 8: Real Estate Math Review. Reading Assignments (please note which version of the text you are using)

Unit 8 - Math Review. Section 8: Real Estate Math Review. Reading Assignments (please note which version of the text you are using) Unit 8 - Math Review Unit Outline Using a Simple Calculator Math Refresher Fractions, Decimals, and Percentages Percentage Problems Commission Problems Loan Problems Straight-Line Appreciation/Depreciation

More information

Each grid has some shaded parts. Fill in the blanks to describe each grid. Example 28 are shaded. 28 is shaded. 3.

Each grid has some shaded parts. Fill in the blanks to describe each grid. Example 28 are shaded. 28 is shaded. 3. 10 CHAPTER Percent Worksheet 1 Percent Each 10 10 grid has some shaded parts. Fill in the blanks to describe each grid. 28 are shaded. 28 is shaded. out of 100 parts % of the whole 72 out of 100 parts

More information

troduction to Algebra

troduction to Algebra Chapter Six Percent Percents, Decimals, and Fractions Understanding Percent The word percent comes from the Latin phrase per centum,, which means per 100. Percent means per one hundred. The % symbol is

More information

(x + 2)(x + 3) + (x + 2)(x + 3) 5(x + 3) (x + 2)(x + 3) + x(x + 2) 5x + 15 (x + 2)(x + 3) + x 2 + 2x. 5x x 2 + 2x. x 2 + 7x + 15 x 2 + 5x + 6

(x + 2)(x + 3) + (x + 2)(x + 3) 5(x + 3) (x + 2)(x + 3) + x(x + 2) 5x + 15 (x + 2)(x + 3) + x 2 + 2x. 5x x 2 + 2x. x 2 + 7x + 15 x 2 + 5x + 6 Which is correct? Alex s add the numerators and the denominators way 5 x + 2 + x Morgan s find a common denominator way 5 x + 2 + x 5 x + 2 + x I added the numerator plus the numerator and the denominator

More information

PFL Math 4.10B: calculate profit in a given situation

PFL Math 4.10B: calculate profit in a given situation Lesson Description This lesson continues with characters from Mr. Cash s fourth grade class. The students want to raise money for the playground fund at Capital Elementary School. Students are to determine

More information

Examples of Strategies

Examples of Strategies Examples of Strategies Grade Essential Mathematics (40S) S Begin adding from the left When you do additions using paper and pencil, you usually start from the right and work toward the left. To do additions

More information

Simple Interest. Formula I = prt

Simple Interest. Formula I = prt Simple Interest Formula I = prt I = PRT I = interest earned (amount of money the bank pays you) P = Principal amount invested or borrowed. R = Interest Rate usually given as a percent (must changed to

More information

8-6 Applications of Percents

8-6 Applications of Percents Learn to find commission, sales tax, and withholding tax. commission commission rate sales tax withholding tax Vocabulary Real estate agents often work for commission. A commission is a fee paid to a person

More information

Warm Up Lesson Presentation Lesson Quiz. Holt Algebra McDougal 1 Algebra 1

Warm Up Lesson Presentation Lesson Quiz. Holt Algebra McDougal 1 Algebra 1 1-4 Warm Up Lesson Presentation Lesson Quiz Holt Algebra McDougal 1 Algebra 1 Warm Up Evaluate each expression. 1. 9 3( 2) 15 2. 3( 5 + 7) 6 3. 4 4. 26 4(7 5) 18 Simplify each expression. 5. 10c + c 11c

More information

T Find the amount of interest earned.

T Find the amount of interest earned. LESSON 4-14 California Standards Gr. 6 NS 1.4: Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Gr. 7 NS 1.7: Solve problems that involve

More information

MATHS. Year 10 to 11 revision Summer Use this booklet to help you prepare for your first PR in Year 11. Set 3

MATHS. Year 10 to 11 revision Summer Use this booklet to help you prepare for your first PR in Year 11. Set 3 MATHS Year 10 to 11 revision Summer 2018 Use this booklet to help you prepare for your first PR in Year 11. Set 3 Name Maths group 1 Cumulative frequency Things to remember: Use a running total adding

More information

UNIT 3: POWERS. SQUARE ROOTS. SCIENTIFIC NOTATION. PERCENTAGES.

UNIT 3: POWERS. SQUARE ROOTS. SCIENTIFIC NOTATION. PERCENTAGES. UNIT 3: POWERS. SQUARE ROOTS. SCIENTIFIC NOTATION. PERCENTAGES. 3.1. POWERS 3.1.1. POWERS OF INTEGERS A power is an abbreviated way of writing a product of equal factors. a a a a a = a in powers, the repeated

More information

Estimating and Calculating Percents in Money

Estimating and Calculating Percents in Money Estimating and Calculating Percents in Money Examples Canada has a 7% General Sales/Service Tax (GST) on most items. Many provinces have an additional Provincial Sales Tax (PST) that is added to the cost

More information

Percents, Explained By Mr. Peralta and the Class of 622 and 623

Percents, Explained By Mr. Peralta and the Class of 622 and 623 Percents, Eplained By Mr. Peralta and the Class of 622 and 623 Table of Contents Section 1 Finding the New Amount if You Start With the Original Amount Section 2 Finding the Original Amount if You Start

More information

How can the strategy make a table help you organize and keep track of your bank account balance?

How can the strategy make a table help you organize and keep track of your bank account balance? ? Name 1.8 PROBLEM SOLVING Add and Subtract Money Essential Question How can the strategy make a table help you organize and keep track of your bank account balance? Number and Operations 5.3.K Also 5.10.D

More information

The Next Step. Mathematics Applications for Adults. Book Percents

The Next Step. Mathematics Applications for Adults. Book Percents The Next Step Mathematics Applications for Adults Book 14016 Percents OUTLINE Mathematics - Book 14016 Percents Understanding and Comparing Percents demonstrate an ability to visualize percent. compare

More information

6-3 Dividing Polynomials

6-3 Dividing Polynomials Polynomials can be divided using long division just like you learned with numbers. Divide) 24 6 5 6 24-8 4-0 4 Remainder 24 6 = 5 4 6 Example : Using Long Division to Divide a Polynomial Divide using

More information

Name For those going into. Algebra 1 Honors. School years that begin with an ODD year: do the odds

Name For those going into. Algebra 1 Honors. School years that begin with an ODD year: do the odds Name For those going into LESSON 2.1 Study Guide For use with pages 64 70 Algebra 1 Honors GOAL: Graph and compare positive and negative numbers Date Natural numbers are the numbers 1,2,3, Natural numbers

More information

Algebra Success. [MULTIPLE REPRESENTATIONS] SOLVE, Verbal Description, Algebraic Formula, Concrete Representation, Pictorial Representation

Algebra Success. [MULTIPLE REPRESENTATIONS] SOLVE, Verbal Description, Algebraic Formula, Concrete Representation, Pictorial Representation T755 [OBJECTIVE] The student will learn how to multiply polynomials. [MATERIALS] Student pages S289 S297 Transparencies T765, T767, T769, T771, T773, T775 [ESSENTIAL QUESTIONS] 1. When multiplying polynomials,

More information

Warm Up January 27, 2016 Change the fraction to a percent 1. 4/5

Warm Up January 27, 2016 Change the fraction to a percent 1. 4/5 Warm Up January 27, 2016 Change the fraction to a percent 1. 4/5 2. 1 and 4/5 3. 2/3 4. 5/8 1 Percent of Change Percent is a fraction whose denominator is 100. The symbol is %. A percent of change shows

More information

Solving Real-World Problems with Ratios and Percents

Solving Real-World Problems with Ratios and Percents LESSON 3 Plug In Solving Real-World Problems with Ratios and Percents Writing Equivalent Forms: Fraction/Decimal/Percent To write a fraction as a decimal, divide the numerator by the denominator. 41 50

More information

Lesson 5.5 and 5.6. Changing Fractions to Decimals and Decimals to Fractions

Lesson 5.5 and 5.6. Changing Fractions to Decimals and Decimals to Fractions Lesson 5.5 and 5.6 Name: Changing Fractions or Decimals to Percents 1) Key in the fraction or decimal. 2) Hit the 2 nd key, then the % key, then enter. Changing Fractions to Decimals and Decimals to Fractions

More information

Solve Problems with Percents

Solve Problems with Percents Domain 1 Lesson 2 Solve Problems with Percents Common Core Standard: 7.RP.3 Getting the Idea Percents are used for many things, such as the sale price of an item, the sales tax you pay on an item, and

More information

Lesson Multi-Step Inequalities with Distributive Property

Lesson Multi-Step Inequalities with Distributive Property Lesson: Lesson 6..6 Multi-Step Inequalities with Distributive Property 6..6 (Day ) - Supplement Multi-Step Inequalities with Distributive Property Teacher Lesson Plan CC Standards 7.EE.4b Use variables

More information

2.1 Fractions, Decimals and Percentages. 2.2 Fractions and Percentages of Quantities. 2.3 Quantities as Percentages. 2.4 More Complex Percentages

2.1 Fractions, Decimals and Percentages. 2.2 Fractions and Percentages of Quantities. 2.3 Quantities as Percentages. 2.4 More Complex Percentages Contents STRAND A: Computation Unit 2 Percentages Student Text Contents Section 2. Fractions, Decimals and Percentages 2.2 Fractions and Percentages of Quantities 2. Quantities as Percentages 2. More Complex

More information

Criteria A: Knowledge and Understanding Percent. 23 = x

Criteria A: Knowledge and Understanding Percent. 23 = x Name: Criteria A: Knowledge and Understanding Percent The student consistently solves simple, complex, and challenging problems correctly. Day/Block: 7-8 5-6 3-4 1-2 The student generally The student sometimes

More information

Chapter 5: Finance. Section 5.1: Basic Budgeting. Chapter 5: Finance

Chapter 5: Finance. Section 5.1: Basic Budgeting. Chapter 5: Finance Chapter 5: Finance Most adults have to deal with the financial topics in this chapter regardless of their job or income. Understanding these topics helps us to make wise decisions in our private lives

More information

PART I: NO CALCULATOR (200 points)

PART I: NO CALCULATOR (200 points) Prealgebra Practice Final Math 0 OER (Ch. -) PART I: NO CALCULATOR (00 points) (.). Find all divisors of the following numbers. a) b) 7 c) (.). Find the prime factorization of the following numbers. a)

More information

Unit 3: Writing Equations Chapter Review

Unit 3: Writing Equations Chapter Review Unit 3: Writing Equations Chapter Review Part 1: Writing Equations in Slope Intercept Form. (Lesson 1) 1. Write an equation that represents the line on the graph. 2. Write an equation that has a slope

More information

ARITHMETIC CLAST MATHEMATICS COMPETENCIES. Solve real-world problems which do not require the use of variables and do

ARITHMETIC CLAST MATHEMATICS COMPETENCIES. Solve real-world problems which do not require the use of variables and do ARITHMETIC CLAST MATHEMATICS COMPETENCIES IAa IAb: IA2a: IA2b: IA3: IA4: IIA: IIA2: IIA3: IIA4: IIA5: IIIA: IVA: IVA2: IVA3: Add and subtract rational numbers Multiply and divide rational numbers Add and

More information

MATH 008 LECTURE NOTES Dr JASON SAMUELS. Ch1 Whole Numbers $55. Solution: =81+495= = 36$

MATH 008 LECTURE NOTES Dr JASON SAMUELS. Ch1 Whole Numbers $55. Solution: =81+495= = 36$ MATH 008 LECTURE NOTES Dr JASON SAMUELS Ch1 Whole Numbers $55 Solution: 81+9 55=81+495=576 576-540 = 36$ This alternate way to multiply is called the lattice method, because the boxes make a lattice. The

More information

Module 6 Percent % Section 6.1 Understanding Percent. 1 of MAT001 MODULE 6 PERCENT. Denominators of 100

Module 6 Percent % Section 6.1 Understanding Percent. 1 of MAT001 MODULE 6 PERCENT. Denominators of 100 Module 6 Percent % Section 6.1 Understanding Percent CQ-6-01. Write 0.19% 19% 1900% 0.0019% 19 as a percent. P. 1 of 54 P. 4 of 54 Denominators of The word percent means per hundred. A percent is another

More information

7th Grade Regular Topic II Assessment

7th Grade Regular Topic II Assessment Calculators are not allowed for items 1 4. 1. Thomas is buying a video game. If the sales tax is 7.5%, which of the following shows two equivalent expressions representing the total amount that Thomas

More information

How can you use what you know about adding integers to add rational numbers? ACTIVITY: Adding Rational Numbers

How can you use what you know about adding integers to add rational numbers? ACTIVITY: Adding Rational Numbers . How can you use what you know about adding integers to add rational numbers? ACTIVITY: Work with a partner. Use a number line to find the sum. a.. +.) Start at 0. Move. units to the right. Add... Then

More information

7th Grade Math Chapter 6 Percents

7th Grade Math Chapter 6 Percents 7th Grade Math Chapter 6 Percents Name: Period: Common Core State Standards CC.7.EE.2 - Understand that rewriting an expression in different forms in a problem context can shed light on the problem and

More information

Park Forest Math Team. Meet #4. Self-study Packet

Park Forest Math Team. Meet #4. Self-study Packet Park Forest Math Team Meet #4 Self-study Packet Problem Categories for this Meet: 1. Mystery: Problem solving 2. Geometry: Angle measures in plane figures including supplements and complements 3. Number

More information

MATH SOLVING WORD PROBLEMS INVOLVING COMMISSION

MATH SOLVING WORD PROBLEMS INVOLVING COMMISSION , 6 Module 51 MATH SOLVING WORD PROBLEMS INVOLVING COMMISSION A DepEd-BEAM Distance Learning Program supported by the Australian Agency for International Development To the Learner Good morning! We have

More information

18.2. Find Profit. _ puppets $_ per puppet = $_. Unlock the Problem. Math Talk. Essential Question. Name

18.2. Find Profit. _ puppets $_ per puppet = $_. Unlock the Problem. Math Talk. Essential Question. Name ? Name 18.2 Essential Question Find Profit How can you determine if you make a profit? Personal Financial Literacy 4.10.B Also 4.4.A, 4.4.F, 4.4.H MATHEMATICAL PROCESSES 4.1.A, 4.1.F Unlock the Problem

More information

Ratios and Proportions. Fraction/Decimal/Percent Conversions Ratios Rates/ Unit Rates Proportions Percent Application Measurement Conversions

Ratios and Proportions. Fraction/Decimal/Percent Conversions Ratios Rates/ Unit Rates Proportions Percent Application Measurement Conversions Ratios and Proportions Fraction/Decimal/Percent Conversions Ratios Rates/ Unit Rates Proportions Percent Application Measurement Conversions Fill in the missing pieces in charts below. Fraction Decimal

More information

Percents. Writing percents as decimals. How to change a percent to a decimal.

Percents. Writing percents as decimals. How to change a percent to a decimal. Percents Introduction: Percent (%) means per hundred or hundredths. When you read in the newspaper that 80% of the voters voted, it means that 80 out of 100 eligible citizens voted. A percent can be considered

More information

Interest Portion (month) Principal Portion (month)

Interest Portion (month) Principal Portion (month) Lesson 4: Spreadsheets In the previous lesson, we took a look at how to find the monthly payment, the interest, the principal, the unpaid balance, and the owner's equity in a mtgage. At this time we will

More information

Compound Interest Revisited - Homework

Compound Interest Revisited - Homework Advanced Algebra Chapter 5C LOGARITHMIC FUNCTIONS Name Period Date Compound Interest Revisited - Homework SET UP AN EQUATION OR AN EXPRESSION FOR EACH PROBLEM. SHOW ALL THE NECESSARY WORK TO SOLVE YOUR

More information

Health Insurance Marketplace CUT THE COST. of Health Insurance. A new tax credit helps lower- and middle-income families

Health Insurance Marketplace  CUT THE COST. of Health Insurance. A new tax credit helps lower- and middle-income families Health Insurance Marketplace CUT THE COST of Health Insurance A new tax credit helps lower- and middle-income families 1 Do I Qualify? 2 How Does the New Tax Credit Work? If you answer to ALL of these

More information

Money. Worksheet 1 Addition. Example. Example. Complete each number bond. $2.50 $3.45 $9.80. Add the cents to dollars. $ $

Money. Worksheet 1 Addition. Example. Example. Complete each number bond. $2.50 $3.45 $9.80. Add the cents to dollars. $ $ 10 CHAPTER Money Worksheet 1 Addition Complete each number bond. $2.50 $2 50 1. $3.45 $ Add the cents to dollars. $2.00 45 $ 2.45 3. $7 50 $ 4. $12 75 $ 5. $15 95 $ 2. $9.80 $ Reteach 3B 1 Add the dollars.

More information

Practice Relating Decimals, Fractions, and Percents. Find the missing ratio or percent equivalent for each letter on the number line.

Practice Relating Decimals, Fractions, and Percents. Find the missing ratio or percent equivalent for each letter on the number line. Chapter 11 Practice 11-1 Relating Decimals, Fractions, and Percents Find the missing ratio or percent equivalent for each letter on the number line. 1. a 2. b 3. c 4. d 5. m 6. r 7. t 8. x Compare. Write

More information

Chapter 9, Mathematics of Finance from Applied Finite Mathematics by Rupinder Sekhon was developed by OpenStax College, licensed by Rice University,

Chapter 9, Mathematics of Finance from Applied Finite Mathematics by Rupinder Sekhon was developed by OpenStax College, licensed by Rice University, Chapter 9, Mathematics of Finance from Applied Finite Mathematics by Rupinder Sekhon was developed by OpenStax College, licensed by Rice University, and is available on the Connexions website. It is used

More information

4.2c Homework: Proportions (Unit Rates) from Tables and Graphs

4.2c Homework: Proportions (Unit Rates) from Tables and Graphs 4.2c Homework: Proportions (Unit Rates) from Tables and Graphs Label the axes and graph the information from the table. Use the table to determine if the relationship represented is proportional throughout

More information

Quantitative Literacy: Thinking Between the Lines

Quantitative Literacy: Thinking Between the Lines Quantitative Literacy: Thinking Between the Lines Crauder, Evans, Johnson, Noell Chapter 4: Personal Finance 2011 W. H. Freeman and Company 1 Chapter 4: Personal Finance Lesson Plan Saving money: The power

More information

CHAPTER 2 ANALYZING BUSINESS TRANSACTIONS

CHAPTER 2 ANALYZING BUSINESS TRANSACTIONS Chapter Opener: Thinking Critically CHAPTER 2 ANALYZING BUSINESS TRANSACTIONS The individuals in charge of keeping track of these transactions at Southwest as well as in other companies, are known as accountants.

More information

Basic Math Principles

Basic Math Principles Introduction This appendix will explain the basic mathematical procedures you will need to be successful in your new real estate career. Many people are intimidated by the word math, but in this case the

More information

NAME: UNIT 2: Ratio and Proportion STUDY GUIDE. Multiple Choice Identify the choice that best completes the statement or answers the question.

NAME: UNIT 2: Ratio and Proportion STUDY GUIDE. Multiple Choice Identify the choice that best completes the statement or answers the question. NME: UNIT 2: Ratio and Proportion STUY GUIE RP.1 Multiple hoice Identify the choice that best completes the statement or answers the question. 1. Use the table to write the ratio of green beans to peppers.

More information

Part Two: How Does the Real Property Tax Affect the Taxpayer?

Part Two: How Does the Real Property Tax Affect the Taxpayer? Part Two: How Does the Real Property Tax Affect the Taxpayer? Purpose and Curricular Connections As citizens, students will pay property taxes either directly as homeowners or indirectly as renters. In

More information

Mathematics of Finance: Homework

Mathematics of Finance: Homework OpenStax-CNX module: m38651 1 Mathematics of Finance: Homework UniqU, LLC Based on Applied Finite Mathematics: Chapter 05 by Rupinder Sekhon This work is produced by OpenStax-CNX and licensed under the

More information

100 = % = 25. a = p w. part of the whole. Finding a Part of a Number. What number is 24% of 50? So, 12 is 24% of 50. Reasonable?

100 = % = 25. a = p w. part of the whole. Finding a Part of a Number. What number is 24% of 50? So, 12 is 24% of 50. Reasonable? 12.1 Lesson Key Vocabulary percent A percent is a ratio whose denominator is 100. Here are two examples. 4 4% = 100 = 0.04 25% = 25 100 = 0.25 The Percent Equation Words To represent a is p percent of

More information

Lesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards)

Lesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards) Lesson Description Texas Essential Knowledge and Skills (Target standards) Students will distinguish between income and expenses to create a weekly budget by way of a teacher guided lesson. They will use

More information

SAMPLE. Sales Tax and Income Tax. Lesson 29. Understand the TEKS. Chapter 6 Personal Finance

SAMPLE. Sales Tax and Income Tax. Lesson 29. Understand the TEKS. Chapter 6 Personal Finance Lesson Chapter Personal Finance Sales Tax and Income Tax S.(A) Calculate the sales tax for a given purchase and calculate income tax for earned wages. Understand the TEKS When you buy something, you often

More information

Many companies in the 80 s used this milking philosophy to extract money from the company and then sell it off to someone else.

Many companies in the 80 s used this milking philosophy to extract money from the company and then sell it off to someone else. Someone looking at a company and considering purchasing it is not going to be too impressed with the company paying out large dividends. Those dividends will go to the investors, the current owners. The

More information

LONG TERM LIABILITIES (continued)

LONG TERM LIABILITIES (continued) PROFESSOR S CLASS NOTES FOR UNIT 17 COB 241 Sections 13, 14, 15 Class on November 14, 2017 Unit 17 is a continuation of the topics in Chapter 10. Unit 17 picks up where Unit 16 left off. LONG TERM LIABILITIES

More information

Lesson 3 The Percent Proportion

Lesson 3 The Percent Proportion Lesson 3 The Percent Proportion A percent proportion compares part of a quantity to a whole quantity for one ratio and lists the percent as a number over 100 for the other ratio. is(part) of(whole) = %

More information

Mathematics Success Grade 8

Mathematics Success Grade 8 Mathematics Success Grade 8 T379 [OBJECTIVE] The student will derive the equation of a line and use this form to identify the slope and y-intercept of an equation. [PREREQUISITE SKILLS] Slope [MATERIALS]

More information

EXPONENTIAL MODELS If quantity Q is known to increase/decrease by a fixed percentage p, in decimal form, then Q can be modeled by

EXPONENTIAL MODELS If quantity Q is known to increase/decrease by a fixed percentage p, in decimal form, then Q can be modeled by Name: Date: LESSON 4-7 MINDFUL MANIPULATION OF PERCENTS COMMON CORE ALGEBRA II Percents and phenomena that grow at a constant percent rate can be challenging, to say the least. This is due to the fact

More information

3.1 Simple Interest. Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time

3.1 Simple Interest. Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time 3.1 Simple Interest Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time An example: Find the interest on a boat loan of $5,000 at 16% for

More information

Park Forest Math Team. Meet #4. Self-study Packet

Park Forest Math Team. Meet #4. Self-study Packet Park Forest Math Team Meet #4 Self-study Packet Problem Categories for this Meet: 1. Mystery: Problem solving 2. Geometry: Angle measures in plane figures including supplements and complements 3. Number

More information

Comparing Quantities

Comparing Quantities COMPARING QUANTITIES 7 Comparing Quantities CHAPTER 8 8. Recalling Ratios and Percentages We know, ratio means comparing two quantities. A basket has two types of fruits, say, 0 apples and 5 oranges. Then,

More information

CUT THE COST. of Health Insurance. A new tax credit helps lower- and middle-income families

CUT THE COST. of Health Insurance. A new tax credit helps lower- and middle-income families Get Covered Illinois www.getcoveredillinois.gov CUT THE COST of Health Insurance A new tax credit helps lower- and middle-income families 1 Do I Qualify? If you answer NO to ALL of these questions, you

More information

Real Estate Expenses. Example 1. Example 2. To calculate the initial expenses of buying a home

Real Estate Expenses. Example 1. Example 2. To calculate the initial expenses of buying a home Real Estate Expenses To calculate the initial expenses of buying a home One of the largest investments most people ever make is the purchase of a home. The major initial expense in that purchase is the

More information

CHAPTER 7: RELATING FRACTIONS, DECIMALS, AND PERCENTS

CHAPTER 7: RELATING FRACTIONS, DECIMALS, AND PERCENTS CHAPTER 7: RELATING FRACTIONS, DECIMALS, AND PERCENTS 7. CONVERTING FRACTIONS TO DECIMALS P. -3 7. CONVERTING DECIMALS TO FRACTIONS P. 4-5 7.3 CONVERTING DECIMALS AND PERCENTS P. 6-7 7.4 CONVERSIONS REVIEW

More information

Simple and Compound Interest

Simple and Compound Interest Chp 11/24/08 5:00 PM Page 171 Simple and Compound Interest Interest is the fee paid for borrowed money. We receive interest when we let others use our money (for example, by depositing money in a savings

More information

Lesson Understanding Percents Working with Mental Percents 3 Cases of Percents Percent Change Quiz Deconstructing Percents Percent Error Extra Day

Lesson Understanding Percents Working with Mental Percents 3 Cases of Percents Percent Change Quiz Deconstructing Percents Percent Error Extra Day Unit 7 Percent Lesson 1 Understanding Percents 2 Working with Mental Percents 3 3 Cases of Percents 4 Percent Change Quiz 5 Deconstructing Percents 6 Percent Error Extra Day Review Test 1 Vocabulary Lesson

More information

a) 6 sandal soaps for $66.00 b) 5 rose soaps for $40.00 c) 8 almond soaps for $70.00 d) 4 cream soaps for $50.00

a) 6 sandal soaps for $66.00 b) 5 rose soaps for $40.00 c) 8 almond soaps for $70.00 d) 4 cream soaps for $50.00 Percentage as a Rate per Hundred - Step-by-Step Lesson Lesson 1 Percentage Problem: 1) Which soap is the best buy? a) 6 sandal soaps for $66.00 b) 5 rose soaps for $40.00 c) 8 almond soaps for $70.00 d)

More information

S3 (3.1) Percentages.notebook November 24, 2015

S3 (3.1) Percentages.notebook November 24, 2015 Daily Practice 14.9.2015 Q1. State the equation of the line joining (0, -4) and (2, -3) Q2. Multiply out and simplify 2(3x - 4) + 4(x - 8) - 3 Q3. How much is a TV priced at 360 + 20% VAT? Today we will

More information

A2 7th grade Number system cont Subject: Mathematics State: Michigan

A2 7th grade Number system cont Subject: Mathematics State: Michigan A 7th grade Number system cont Subject: Mathematics State: Michigan Student Name: Teacher Name: School Name: 117 1 Malia found a "short cut" to find the decimal representation of the fraction. Rather 0

More information

Skills Practice Skills Practice for Lesson 10.1

Skills Practice Skills Practice for Lesson 10.1 Skills Practice Skills Practice for Lesson 10.1 Name Date Water Balloons Polynomials and Polynomial Functions Vocabulary Match each key term to its corresponding definition. 1. A polynomial written with

More information

STA Module 3B Discrete Random Variables

STA Module 3B Discrete Random Variables STA 2023 Module 3B Discrete Random Variables Learning Objectives Upon completing this module, you should be able to 1. Determine the probability distribution of a discrete random variable. 2. Construct

More information

My Paycheck. Workplace Readiness Skill Mathematics: Uses mathematical reasoning to accomplish tasks.

My Paycheck. Workplace Readiness Skill Mathematics: Uses mathematical reasoning to accomplish tasks. My Paycheck Summary No matter where you work, when you receive your paycheck it s important to understand the various deductions that have been made. Depending on your job, you may be salaried, paid by

More information

Simple Interest (for One Year)

Simple Interest (for One Year) Simple Interest (for One Year) Suppose you invest $1500.00 at 3.22% interest per year. How much will you have at the end of one year? Solution: 3.22% interest means that over the course of one year, one

More information

Chapter 10: Exponential Functions

Chapter 10: Exponential Functions Chapter 10: Exponential Functions Lesson 1: Introduction to Exponential Functions and Equations Lesson 2: Exponential Graphs Lesson 3: Finding Equations of Exponential Functions Lesson 4: Exponential Growth

More information

New Jersey Center for Teaching and Learning Progressive Mathematics Initiative

New Jersey Center for Teaching and Learning Progressive Mathematics Initiative Slide 1 / 155 New Jersey Center for Teaching and Learning Progressive Mathematics Initiative This m aterial is m ade freely available www.njctl.org at and is intended for the non- com m ercial use of students

More information

6.4 Solving Linear Inequalities by Using Addition and Subtraction

6.4 Solving Linear Inequalities by Using Addition and Subtraction 6.4 Solving Linear Inequalities by Using Addition and Subtraction Solving EQUATION vs. INEQUALITY EQUATION INEQUALITY To solve an inequality, we USE THE SAME STRATEGY AS FOR SOLVING AN EQUATION: ISOLATE

More information

Finance 197. Simple One-time Interest

Finance 197. Simple One-time Interest Finance 197 Finance We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for

More information

Percent. Each large square is divided into 100 parts. Fill in the blanks to describe each large square. 1. out of 100 equal parts are shaded.

Percent. Each large square is divided into 100 parts. Fill in the blanks to describe each large square. 1. out of 100 equal parts are shaded. Name: Date: Chapter Percent Practice 1 Percent Each large square is divided into 100 parts. Fill in the blanks to describe each large square. 1. out of 100 equal parts are shaded. shaded. not shaded. not

More information

Name Date Class. 2. p = $600, r = 4%, t = 3 years. 4. I = $270, r = 5%, t = 3 years. 6. I = $108, p = $900, t = 3 years

Name Date Class. 2. p = $600, r = 4%, t = 3 years. 4. I = $270, r = 5%, t = 3 years. 6. I = $108, p = $900, t = 3 years Practice A Find each missing value. The first one is done for you. 1. p = $1,000, r = 5%, t = 2 years I = $1,000 0.05 2 I = $100 3. I = $330, r = 3%, t = 1 year = p p = 5. I = $600, p = $2,500, t = 4 years

More information

PERCENT. Ex. 2: If you used 50 out of 200 postcard stamps, then you used 25% of your stamps.

PERCENT. Ex. 2: If you used 50 out of 200 postcard stamps, then you used 25% of your stamps. Percent PERCENT Percent is an important mathematical topic. It is used frequently in real life situations, particularly in business when working with discounts, interest, commission and changes in price.

More information

STA Rev. F Learning Objectives. What is a Random Variable? Module 5 Discrete Random Variables

STA Rev. F Learning Objectives. What is a Random Variable? Module 5 Discrete Random Variables STA 2023 Module 5 Discrete Random Variables Learning Objectives Upon completing this module, you should be able to: 1. Determine the probability distribution of a discrete random variable. 2. Construct

More information

REVIEW PROBLEMS FOR NUMERICAL SKILLS ASSESSMENT TEST-Rev 1 (Note: No calculators are allowed at the time of the test.)

REVIEW PROBLEMS FOR NUMERICAL SKILLS ASSESSMENT TEST-Rev 1 (Note: No calculators are allowed at the time of the test.) - - REVIEW PROBLEMS FOR NUMERICAL SKILLS ASSESSMENT TEST-Rev (Note: No calculators are allowed at the time of the test.). 9 + 67 =. 97 7 =. 7 X 6 =. 6 7 =. = 6. 6 7 7. Anne saves $7 every month out of

More information

Lesson Writing Equations and Inequalities

Lesson Writing Equations and Inequalities Lesson: Lesson 6.2.7 Writing Equations and Inequalities 6.2.7 Supplement Writing Equations and Inequalities Teacher Lesson Plan CC Standards 7.EE.1 Apply properties of equations as strategies to add, subtract,

More information

Chapter 7 BUILD YOUR VOCABULARY

Chapter 7 BUILD YOUR VOCABULARY C H A P T E R 7 BUILD YOUR VOCABULARY This is an alphabetical list of new vocabulary terms you will learn in Chapter 7. As you complete the study notes for the chapter, you will see Build Your Vocabulary

More information

Econ 301 Summer 2003 Asinski

Econ 301 Summer 2003 Asinski Econ 301 Summer 2003 Asinski roblem Set 1 Suggested solutions 1. roblem 4. S (after freeze) a S (before freeze) * b * Initial equilibrium in the market for frozen juice id determined by intersection of

More information

College Prep Mathematics Mrs. Barnett

College Prep Mathematics Mrs. Barnett College Prep Mathematics Mrs. Barnett 3-1 Percent and Number Equivalents Goals: Write any number as a percent equivalent Write any percent as a numerical equivalent Writing numbers as percents Remember

More information

Short Selling Mini-Lesson

Short Selling Mini-Lesson Short Selling Mini-Lesson 1. Explain that sometimes people can make money on stocks when the actual stocks themselves lose value and this mini-simulation will demonstrate how. 2. Cut apart the cards for

More information

Puzzle 5-1. Percents, Fractions, and Decimals

Puzzle 5-1. Percents, Fractions, and Decimals 5-1 Percents, Fractions, and Decimals Some of the percents, decimals, and fractions in the diagram are equivalent. Decimals are rounded to the nearest hundredth. To find the hidden pattern in the diagram,

More information

UNIT 7 MULTIPLICATIVE AND PROPORTIONAL REASONING

UNIT 7 MULTIPLICATIVE AND PROPORTIONAL REASONING UNIT 7 MULTIPLICATIVE AND PROPORTIONAL REASONING INTRODUCTION In this Unit, we will learn about the concepts of multiplicative and proportional reasoning. Some of the ideas will seem familiar such as ratio,

More information