7th Grade Math STAAR Review
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
+4
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is net worth?
Back
Net worth is the total value of an individual's assets minus their liabilities. It represents what a person owns minus what they owe.
Tags
CCSS.7.NS.A.1B
2.
FLASHCARD QUESTION
Front
How do you calculate net worth?
Back
Net worth = Total Assets - Total Liabilities. For example, if you have assets worth $115,000 and liabilities of $93,300, your net worth is $21,700.
3.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.
Tags
CCSS.6.RP.A.3B
4.
FLASHCARD QUESTION
Front
How do you calculate change from a purchase?
Back
Change = Amount Paid - Total Cost. For example, if you pay $10 for a meal costing $6.44, your change is $3.56.
Tags
CCSS.5.NBT.B.7
5.
FLASHCARD QUESTION
Front
What is simple interest?
Back
Simple interest is calculated on the principal amount only, not on the interest accrued. It can be calculated using the formula: Interest = Principal x Rate x Time.
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
How do you calculate interest earned in one year?
Back
Interest = Principal x Rate. For example, if you invest $300 at 4% interest, the interest earned in one year is $12.
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What is a quarter in terms of money?
Back
A quarter is a coin worth 25 cents in the United States.
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