SIM--Lesson-8

Welcome!

Warm-Up:

Please complete the following warm-up math questions on your iPads while your computers are booting up. Copy and paste these questions into the Warm-Up Doc I gave you in Google Classroom.

Question-1

You have a balance of $4,500 on your credit card. The interest rate is 12% (1% per month). The late payment fee is $40. You miss a payment. What are your fees plus interest for the month?

Question-2

You have gotten advice that you should spend no more than 30% of your take-home pay on rent. Your take-home pay is $1,400 per month. How much can you afford to pay for rent per month?

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Progress Tracker:

By the end of this week, you should be finished with the following:

Restaurant: Done with Chapters 1-9.

Retail: Done with Chapters 1-11.

Personal Finance: Done with Chapters 1-17.

WEEKLY LEADER BOARD

Restaurant: Kaitlyn B., Keira B., Kaitlyn L., Allen L., Megha M., Jacob N., Ananya S.,

Joy S., Samantha S., Laura T.

Retail: Brennan B., Brady H., Mia K., Ethan L., Katelyn L., Jason M., Salvador M.,

Brooke M., Binuth N., Grant N., Addison P., Lilly T., Elise W.

Personal Finance: Matt C., Evan H., Therese K., Jonas L., Nicholas M., Morgan S.