Podcast
Questions and Answers
How can you calculate the sales tax of an item?
How can you calculate the sales tax of an item?
- Multiply the cost of the item by the tax rate (correct)
- Subtract the tax amount from the cost of the item
- Divide the cost of the item by the tax rate
- Add the cost of the item and the tax amount
What is the formula for income tax rate?
What is the formula for income tax rate?
- (Price before tax/Tax amount) × 100
- (Price after tax/Tax amount) × 100
- (Tax amount/Price before tax) × 100 (correct)
- (Tax amount/Price after tax) × 100
Which statement is true about installment buying?
Which statement is true about installment buying?
- It allows you to pay for an asset in installments over time (correct)
- It involves purchasing an asset all at once
- It refers to selling an asset over time
- It involves exchanging an asset for another asset
What is the term used for the original amount of money borrowed or invested?
What is the term used for the original amount of money borrowed or invested?
Which formula should you use to calculate simple interest?
Which formula should you use to calculate simple interest?
What does income tax refer to?
What does income tax refer to?
Which formula is used to calculate simple interest?
Which formula is used to calculate simple interest?
What does 'P' represent in the simple interest formula?
What does 'P' represent in the simple interest formula?
In the context of interest rates, what does 'R' stand for?
In the context of interest rates, what does 'R' stand for?
What is the correct way to write an interest rate of 8% in the formula?
What is the correct way to write an interest rate of 8% in the formula?
What does 'T' represent in the simple interest formula?
What does 'T' represent in the simple interest formula?
If the principal is $500, the rate of interest is 10%, and the time is 3 years, what would be the simple interest earned?
If the principal is $500, the rate of interest is 10%, and the time is 3 years, what would be the simple interest earned?
What type of assessment is the 'Week 5 Worksheet'?
What type of assessment is the 'Week 5 Worksheet'?
In the 3-2-1 Chart, students write down how many things they learned?
In the 3-2-1 Chart, students write down how many things they learned?
What do students write in the KWL activity at the end of each session?
What do students write in the KWL activity at the end of each session?
What do students share in the 'Entry/Exit Slip'?
What do students share in the 'Entry/Exit Slip'?
What does the 'Week 6 Presentation' focus on according to the text?
What does the 'Week 6 Presentation' focus on according to the text?
What is the purpose of the 'Robbin round table' activity described in the text?
What is the purpose of the 'Robbin round table' activity described in the text?
