Tuesday, October 25, 2011
Wednesday, October 19, 2011
Real-life Percentages
1) My mom bought a computer. The original price was USD 600 and the tax was 20% and not included.
She wanted to calculate the tax. What is 20% of USD 600?
I did:
20%*600 = USD 120
So; the tax was USD 120.
And for the total cost:
600+120 = 720
So the total cost is USD 720.
2) I saw a pair of jeans in a store and they originally cost USD 80 but they were on sale for 70% off.
What is the rebate? What is 70% of USD 80?
I did:
70%*80 = USD 56
So; the rebate is USD 56.
So the price of the pair of jeans is going to be USD 24.
She wanted to calculate the tax. What is 20% of USD 600?
I did:
20%*600 = USD 120
So; the tax was USD 120.
And for the total cost:
600+120 = 720
So the total cost is USD 720.
2) I saw a pair of jeans in a store and they originally cost USD 80 but they were on sale for 70% off.
What is the rebate? What is 70% of USD 80?
I did:
70%*80 = USD 56
So; the rebate is USD 56.
So the price of the pair of jeans is going to be USD 24.
Sunday, October 9, 2011
Family Compound Interest Activity
Imagine investing 200$ at 4% interest. After 25 years, would you make more money using simple or compound interest?
Simple Interest:
A=P+P*r*n
A= 200+200*0.04*25
A=400
Compound Interest:
A=P(1+r)^9
A=200(1+0.04)^25
A=533.2
Thus, we can see that we make a lot more money using compound interest than simple interest.
Simple Interest:
A=P+P*r*n
A= 200+200*0.04*25
A=400
Compound Interest:
A=P(1+r)^9
A=200(1+0.04)^25
A=533.2
Thus, we can see that we make a lot more money using compound interest than simple interest.
Monday, October 3, 2011
Personal Consumer Price Index
There is not a big difference in the price from the 1st year and the price in the 2nd year. It increased by 1.1%, which is not that much.
But when you think of it, a student probably wouldn't buy 6 ice creams a week, maybe 1, he wouldn't buy an iPad, or even a bike every week either so the percentage increase increases.
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