Calculating Down Payments as a Percentage


Students will learn to calculate down payments using a percentage.

Teaching Objectives:

  • Students will define down payment.
  • Students will review percentages.
  • Students will review convert percentages to decimals.
  • Students will review calculating percentages.
  • Students will use these skills to figure out down payments.

Suggested Grade Level

6th – 8th Grade

Lesson Excerpt:

Sometimes, a down payment is simply a dollar amount of money, but sometimes it is a percentage.

Before we begin calculating down payments as a percentage, let’s review what a percent is.

What is a percent?

A percent is a part of a whole out of 100. If we say that we have 10% of a something, we have 10 out of 100.  When we calculate a percent, we figure out what part of the whole that we have.

Calculating percents can help us figure out down payments.

If we calculate the percent of a down payment, then we know how much the person needs to pay for the down payment.

 

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Categories Borrowing Money, Debt, Money Math Tags , , ,

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