OL Financial Friday STAAR Practice!
Presentation
•
Mathematics
•
7th Grade
•
Practice Problem
•
Medium
+1
Standards-aligned
Heather Hall
Used 19+ times
FREE Resource
5 Slides • 8 Questions
1
Financial Friday STAAR Practice!
Do your best - it's for a grade!! :)
2
Topics
Net Worth
Simple Interest
Sales Tax
3
What is NET WORTH?
Net worth is a measure of how much money you have to your name, excluding your debts!
To find net worth, you add up all your assets (what you own) MINUS the total of your liabilities (what you OWE)
4
Multiple Choice
Calculate net worth using the hints in the image!
5
Multiple Choice
Find the net worth.
6
What is SIMPLE INTEREST?
Interest is how your money earns money!
When you put money in a bank account, it gains interest, so you get more money!
When you take out a loan, it also gains interest, and you OWE more money.
Interest rates tell you what PERCENTAGE of your money you earn each year!
The formula is I = Prt
7
Multiple Choice
Calculate the simple interest using the hints in the image!
8
Multiple Choice
9
Multiple Choice
Bill Gates put $2,000 into a bank account at an 8% rate for 5 years.
Now, use I = Prt to calculate how much interest he would earn!
10
Sales Tax
These questions are basically just calculating a percent of a number!
Sometimes they ask for JUST the tax.
Sometimes they ask for the TOTAL!
11
Multiple Choice
Calculate the sales tax using the hints in the image!
12
Multiple Choice
13
Multiple Choice
Financial Friday STAAR Practice!
Do your best - it's for a grade!! :)
Show answer
Auto Play
Slide 1 / 13
SLIDE
