Financial Math Fall Final Unit 1 Calculations Review

Front

What is percent increase?

Back

Percent increase is a measure of how much a quantity has increased relative to its original amount, expressed as a percentage. It is calculated using the formula: ((New Value - Old Value) / Old Value) * 100.

Front

Calculate the percent increase from $37 to $42.

Back

14%.

Front

What is the formula to calculate savings from a percentage of income?

Back

Savings = (Percentage / 100) * Income.

Front

If Mr. Incredible saves 5% of $5000, how much does he save?

Back

$250.

Front

If Mr. Incredible saves 3% of $5000, how much does he save?

Back

$150.

Front

How much does Mr. Incredible save in total each month?

Back

$400.

Front

What does a discount mean in financial terms?

Back

A discount is a reduction in the usual price of a product or service, often expressed as a percentage.

Front

Calculate the cost of Disney + after a 15% discount on $7.99.

Back

$6.79.

Front

What is the formula to calculate total tuition costs?

Back

Total Tuition = Cost per Credit Hour * Number of Credit Hours * Number of Semesters.

Front

If Monster University charges $495 per credit hour and Sully takes 16 hours, what is his tuition for one semester?

Back

$7,920.