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The percent chapter of the 7th grade math curriculum is probably one of the most useful units of study these students will encounter. In these days of credit cards, loans, and debt, our students need to understand this topic to become wise consumers. Unfortunately, there seems to be less and less opportunity for our students to engage with money in their day-to-day lives and therefor even less understanding of how finances work.
This car buying activity is designed to simulate a realistic and common life-event most people will endure at some time. Buying a car affords practice and the need for understanding of rates and percent. The activity requires students to understand percent of a number, discount, tax, commission, and simple interest. It is a great activity to summarize the percent unit and provide a deeper understanding of financing without overwhelming the average student.