Illustrative Math Alignment: Grade 7 Unit 9
Putting it All Together
Lesson 6: Fermi Problems
Use the following Media4Math resources with this Illustrative Math lesson.
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Math Example--Math of Money--Calculating Tax--Example 6 | Math Example--Math of Money--Calculating Tax--Example 6TopicThe Math of Money DescriptionWhat is the tax due on a $1250 purchase when the sales tax rate is 6.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 7 | Math Example--Math of Money--Calculating Tax--Example 7TopicThe Math of Money DescriptionWhat is the tax due on a $1399 purchase when the sales tax rate is 7.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 7 | Math Example--Math of Money--Calculating Tax--Example 7TopicThe Math of Money DescriptionWhat is the tax due on a $1399 purchase when the sales tax rate is 7.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 7 | Math Example--Math of Money--Calculating Tax--Example 7TopicThe Math of Money DescriptionWhat is the tax due on a $1399 purchase when the sales tax rate is 7.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 7 | Math Example--Math of Money--Calculating Tax--Example 7TopicThe Math of Money DescriptionWhat is the tax due on a $1399 purchase when the sales tax rate is 7.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 8 | Math Example--Math of Money--Calculating Tax--Example 8TopicThe Math of Money DescriptionWhat is the tax due on a $1575.50 purchase when the sales tax rate is 8.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 8 | Math Example--Math of Money--Calculating Tax--Example 8TopicThe Math of Money DescriptionWhat is the tax due on a $1575.50 purchase when the sales tax rate is 8.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 8 | Math Example--Math of Money--Calculating Tax--Example 8TopicThe Math of Money DescriptionWhat is the tax due on a $1575.50 purchase when the sales tax rate is 8.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 8 | Math Example--Math of Money--Calculating Tax--Example 8TopicThe Math of Money DescriptionWhat is the tax due on a $1575.50 purchase when the sales tax rate is 8.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 9 | Math Example--Math of Money--Calculating Tax--Example 9TopicThe Math of Money DescriptionWhat is the tax due on a $1999.99 purchase when the sales tax rate is 9.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 9 | Math Example--Math of Money--Calculating Tax--Example 9TopicThe Math of Money DescriptionWhat is the tax due on a $1999.99 purchase when the sales tax rate is 9.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 9 | Math Example--Math of Money--Calculating Tax--Example 9TopicThe Math of Money DescriptionWhat is the tax due on a $1999.99 purchase when the sales tax rate is 9.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tax--Example 9 | Math Example--Math of Money--Calculating Tax--Example 9TopicThe Math of Money DescriptionWhat is the tax due on a $1999.99 purchase when the sales tax rate is 9.5%? The example shows how to apply the formula Tax Due = Cost * Tax Rate. Calculating tax is a fundamental skill in understanding financial literacy. This example and others like it help illustrate how percentages are applied in real-world scenarios, such as shopping and services. Seeing multiple worked-out examples allows students to recognize patterns and reinforce their understanding of applying formulas consistently in various contexts. It ensures they can adapt to different numbers and situations. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 1 | Math Example--Math of Money--Calculating Tips and Commissions--Example 1TopicThe Math of Money DescriptionCalculate a 15% tip on a $50 restaurant bill. The problem requires finding 15% of 50. To calculate the tip, multiply the cost (50) by the tip rate (0.15). Tip = 50 * 0.15 = 7.50. The answer is $7.50. In general, the topic 'The Math of Money' covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 1 | Math Example--Math of Money--Calculating Tips and Commissions--Example 1TopicThe Math of Money DescriptionCalculate a 15% tip on a $50 restaurant bill. The problem requires finding 15% of 50. To calculate the tip, multiply the cost (50) by the tip rate (0.15). Tip = 50 * 0.15 = 7.50. The answer is $7.50. In general, the topic 'The Math of Money' covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 1 | Math Example--Math of Money--Calculating Tips and Commissions--Example 1TopicThe Math of Money DescriptionCalculate a 15% tip on a $50 restaurant bill. The problem requires finding 15% of 50. To calculate the tip, multiply the cost (50) by the tip rate (0.15). Tip = 50 * 0.15 = 7.50. The answer is $7.50. In general, the topic 'The Math of Money' covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 10 | Math Example--Math of Money--Calculating Tips and Commissions--Example 10TopicThe Math of Money DescriptionCalculate a 9.5% sales commission on a $350,999 sale. The problem requires finding 9.5% of 350,999. To calculate the commission, multiply the sale amount (350,999) by the commission rate (0.095). Commission = 350,999 * 0.095 ≈ 33,344.91. The answer is approximately $33,344.91. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 10 | Math Example--Math of Money--Calculating Tips and Commissions--Example 10TopicThe Math of Money DescriptionCalculate a 9.5% sales commission on a $350,999 sale. The problem requires finding 9.5% of 350,999. To calculate the commission, multiply the sale amount (350,999) by the commission rate (0.095). Commission = 350,999 * 0.095 ≈ 33,344.91. The answer is approximately $33,344.91. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 10 | Math Example--Math of Money--Calculating Tips and Commissions--Example 10TopicThe Math of Money DescriptionCalculate a 9.5% sales commission on a $350,999 sale. The problem requires finding 9.5% of 350,999. To calculate the commission, multiply the sale amount (350,999) by the commission rate (0.095). Commission = 350,999 * 0.095 ≈ 33,344.91. The answer is approximately $33,344.91. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 2 | Math Example--Math of Money--Calculating Tips and Commissions--Example 2TopicThe Math of Money DescriptionCalculate a 16% tip on a $55 restaurant bill. The problem requires finding 16% of 55. To calculate the tip, multiply the cost (55) by the tip rate (0.16). Tip = 55 * 0.16 = 8.8. The answer is $8.80. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 2 | Math Example--Math of Money--Calculating Tips and Commissions--Example 2TopicThe Math of Money DescriptionCalculate a 16% tip on a $55 restaurant bill. The problem requires finding 16% of 55. To calculate the tip, multiply the cost (55) by the tip rate (0.16). Tip = 55 * 0.16 = 8.8. The answer is $8.80. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 2 | Math Example--Math of Money--Calculating Tips and Commissions--Example 2TopicThe Math of Money DescriptionCalculate a 16% tip on a $55 restaurant bill. The problem requires finding 16% of 55. To calculate the tip, multiply the cost (55) by the tip rate (0.16). Tip = 55 * 0.16 = 8.8. The answer is $8.80. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 3 | Math Example--Math of Money--Calculating Tips and Commissions--Example 3TopicThe Math of Money DescriptionCalculate an 18% tip on a $75.50 restaurant bill. The problem requires finding 18% of 75.50. To calculate the tip, multiply the cost (75.50) by the tip rate (0.18). Tip = 75.50 * 0.18 = 13.59. The answer is $13.59. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 3 | Math Example--Math of Money--Calculating Tips and Commissions--Example 3TopicThe Math of Money DescriptionCalculate an 18% tip on a $75.50 restaurant bill. The problem requires finding 18% of 75.50. To calculate the tip, multiply the cost (75.50) by the tip rate (0.18). Tip = 75.50 * 0.18 = 13.59. The answer is $13.59. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 3 | Math Example--Math of Money--Calculating Tips and Commissions--Example 3TopicThe Math of Money DescriptionCalculate an 18% tip on a $75.50 restaurant bill. The problem requires finding 18% of 75.50. To calculate the tip, multiply the cost (75.50) by the tip rate (0.18). Tip = 75.50 * 0.18 = 13.59. The answer is $13.59. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
Percents |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 4 | Math Example--Math of Money--Calculating Tips and Commissions--Example 4TopicThe Math of Money DescriptionCalculate a 19.5% tip on a $49.99 restaurant bill. The problem requires finding 19.5% of 49.99. To calculate the tip, multiply the cost (49.99) by the tip rate (0.195). Tip = 49.99 * 0.195 Å 9.75. The answer is approximately $9.75. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 4 | Math Example--Math of Money--Calculating Tips and Commissions--Example 4TopicThe Math of Money DescriptionCalculate a 19.5% tip on a $49.99 restaurant bill. The problem requires finding 19.5% of 49.99. To calculate the tip, multiply the cost (49.99) by the tip rate (0.195). Tip = 49.99 * 0.195 Å 9.75. The answer is approximately $9.75. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 4 | Math Example--Math of Money--Calculating Tips and Commissions--Example 4TopicThe Math of Money DescriptionCalculate a 19.5% tip on a $49.99 restaurant bill. The problem requires finding 19.5% of 49.99. To calculate the tip, multiply the cost (49.99) by the tip rate (0.195). Tip = 49.99 * 0.195 Å 9.75. The answer is approximately $9.75. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 5 | Math Example--Math of Money--Calculating Tips and Commissions--Example 5TopicThe Math of Money DescriptionCalculate a 22.5% tip on a $159.99 restaurant bill. The problem requires finding 22.5% of 159.99. To calculate the tip, multiply the cost (159.99) by the tip rate (0.225). Tip = 159.99 * 0.225 ≈ 35.99. The answer is approximately $35.99. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 5 | Math Example--Math of Money--Calculating Tips and Commissions--Example 5TopicThe Math of Money DescriptionCalculate a 22.5% tip on a $159.99 restaurant bill. The problem requires finding 22.5% of 159.99. To calculate the tip, multiply the cost (159.99) by the tip rate (0.225). Tip = 159.99 * 0.225 ≈ 35.99. The answer is approximately $35.99. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 5 | Math Example--Math of Money--Calculating Tips and Commissions--Example 5TopicThe Math of Money DescriptionCalculate a 22.5% tip on a $159.99 restaurant bill. The problem requires finding 22.5% of 159.99. To calculate the tip, multiply the cost (159.99) by the tip rate (0.225). Tip = 159.99 * 0.225 ≈ 35.99. The answer is approximately $35.99. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 6 | Math Example--Math of Money--Calculating Tips and Commissions--Example 6TopicThe Math of Money DescriptionCalculate a 5% sales commission on a $1000 sale. The problem requires finding 5% of 1000. To calculate the commission, multiply the sale amount (1000) by the commission rate (0.05). Commission = 1000 * 0.05 = 50. The answer is $50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 6 | Math Example--Math of Money--Calculating Tips and Commissions--Example 6TopicThe Math of Money DescriptionCalculate a 5% sales commission on a $1000 sale. The problem requires finding 5% of 1000. To calculate the commission, multiply the sale amount (1000) by the commission rate (0.05). Commission = 1000 * 0.05 = 50. The answer is $50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 6 | Math Example--Math of Money--Calculating Tips and Commissions--Example 6TopicThe Math of Money DescriptionCalculate a 5% sales commission on a $1000 sale. The problem requires finding 5% of 1000. To calculate the commission, multiply the sale amount (1000) by the commission rate (0.05). Commission = 1000 * 0.05 = 50. The answer is $50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 7 | Math Example--Math of Money--Calculating Tips and Commissions--Example 7TopicThe Math of Money DescriptionCalculate a 6% sales commission on a $1200 sale. The problem requires finding 6% of 1200. To calculate the commission, multiply the sale amount (1200) by the commission rate (0.06). Commission = 1200 * 0.06 = 72. The answer is $72. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 7 | Math Example--Math of Money--Calculating Tips and Commissions--Example 7TopicThe Math of Money DescriptionCalculate a 6% sales commission on a $1200 sale. The problem requires finding 6% of 1200. To calculate the commission, multiply the sale amount (1200) by the commission rate (0.06). Commission = 1200 * 0.06 = 72. The answer is $72. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 7 | Math Example--Math of Money--Calculating Tips and Commissions--Example 7TopicThe Math of Money DescriptionCalculate a 6% sales commission on a $1200 sale. The problem requires finding 6% of 1200. To calculate the commission, multiply the sale amount (1200) by the commission rate (0.06). Commission = 1200 * 0.06 = 72. The answer is $72. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 8 | Math Example--Math of Money--Calculating Tips and Commissions--Example 8TopicThe Math of Money DescriptionCalculate a 7.5% sales commission on a $25,500 sale. The problem requires finding 7.5% of 25,500. To calculate the commission, multiply the sale amount (25,500) by the commission rate (0.075). Commission = 25,500 * 0.075 = 1912.50. The answer is $1,912.50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 8 | Math Example--Math of Money--Calculating Tips and Commissions--Example 8TopicThe Math of Money DescriptionCalculate a 7.5% sales commission on a $25,500 sale. The problem requires finding 7.5% of 25,500. To calculate the commission, multiply the sale amount (25,500) by the commission rate (0.075). Commission = 25,500 * 0.075 = 1912.50. The answer is $1,912.50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
Percents |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 8 | Math Example--Math of Money--Calculating Tips and Commissions--Example 8TopicThe Math of Money DescriptionCalculate a 7.5% sales commission on a $25,500 sale. The problem requires finding 7.5% of 25,500. To calculate the commission, multiply the sale amount (25,500) by the commission rate (0.075). Commission = 25,500 * 0.075 = 1912.50. The answer is $1,912.50. In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved. |
Percents |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 9 | Math Example--Math of Money--Calculating Tips and Commissions--Example 9TopicThe Math of Money DescriptionCalculate an 8.5% sales commission on a $125,500 sale. The problem requires finding 8.5% of 125,500. To calculate the commission, multiply the sale amount (125,500) by the commission rate (0.085). Commission = 125,500 * 0.085 = 10,667.50. The answer is $10,667.50. |
Percents |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 9 | Math Example--Math of Money--Calculating Tips and Commissions--Example 9TopicThe Math of Money DescriptionCalculate an 8.5% sales commission on a $125,500 sale. The problem requires finding 8.5% of 125,500. To calculate the commission, multiply the sale amount (125,500) by the commission rate (0.085). Commission = 125,500 * 0.085 = 10,667.50. The answer is $10,667.50. |
Percents |
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Math Example--Math of Money--Calculating Tips and Commissions--Example 9 | Math Example--Math of Money--Calculating Tips and Commissions--Example 9TopicThe Math of Money DescriptionCalculate an 8.5% sales commission on a $125,500 sale. The problem requires finding 8.5% of 125,500. To calculate the commission, multiply the sale amount (125,500) by the commission rate (0.085). Commission = 125,500 * 0.085 = 10,667.50. The answer is $10,667.50. |
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Math Example--Math of Money--Compound Interest: Example 1 | Math Example--Math of Money--Compound Interest: Example 1TopicMath of Money DescriptionThis example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 1 | Math Example--Math of Money--Compound Interest: Example 1TopicMath of Money DescriptionThis example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 1 | Math Example--Math of Money--Compound Interest: Example 1TopicMath of Money DescriptionThis example demonstrates compound interest calculation for a $1000 investment at a 2.5% interest rate over 5 years, compounded annually. Using the formula A = P(1 + r/n)nt, where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years, the final amount is calculated to be $1131.41. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 10 | Math Example--Math of Money--Compound Interest: Example 10TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61. Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 10 | Math Example--Math of Money--Compound Interest: Example 10TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61. Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 10 | Math Example--Math of Money--Compound Interest: Example 10TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded monthly. Using the formula A = P(1 + r/n)nt, where P = 1000, r = 0.05, n = 12, and t = 5, the final amount is $1283.61. Compound interest is a key concept in financial mathematics that shows how investments grow over time. This example highlights monthly compounding, demonstrating the impact of more frequent compounding on returns. Understanding these differences helps students apply compound interest in real-world financial scenarios. |
Compound Interest |
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Math Example--Math of Money--Compound Interest: Example 11 | Math Example--Math of Money--Compound Interest: Example 11TopicMath of Money DescriptionThis example calculates compound interest for a $1000 investment at a 5% interest rate over 5 years, compounded daily. The formula $$A = P(1 + r/n)nt is used with P = 1000, r = 0.05, n = 365, and t = 5, resulting in an amount of $1284.00. Understanding compound interest is crucial for financial literacy. This example demonstrates daily compounding and its effect on investment growth compared to other frequencies. By exploring various scenarios, students learn how different compounding intervals influence financial outcomes. |
Compound Interest |
