CLEP College Math

CLEP College Math covers essential mathematical concepts and skills necessary for college-level coursework.

Practical Applications

Budgeting and Financial Math

Money Management Basics

Math is key to managing your money! Budgeting involves adding up income, subtracting expenses, and planning for savings.

  • Simple Interest: \(I = Prt\) where \(P\) is principal, \(r\) is rate, \(t\) is time.
  • Percentages: Used to calculate discounts, tax, and tips.

Everyday Finance

Understanding financial math helps you make smart choices, like comparing prices or planning for future expenses.

Why It Matters

These skills ensure you avoid overspending and reach your savings goals faster.

Examples

  • Calculating a 20% tip on a $25 bill: \(0.20 \times 25 = 5\).

  • Finding out how much interest you earn on $100 at 5% for 2 years: \(I = 100 \times 0.05 \times 2 = 10\).