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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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A #math quiz to review #financialliteracy with #grade8
Flashcards
18 cards
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Questions
18
Answers
1
How do you convert a percent into a decimal?
% multiplied by 100
% divided by 100
100 - %
100 divided by %
2
How much interest has been added?
$ 1,256.08
$ 1,218.75
$ 7,756.08
$ 7,718.75
3
How do you turn months into years?
12 divided by months
Months divided by 12
Months + 12
Months multiplied by 12
4
After 12 years, how much is in the account?
$ 6,700
$ 9,116.81
$ 2090.40
$ 13,423.12
5
What is the total amount of money after 6 years?
$ 51,543.65
$ 48,914.80
$ 3,914.80
$ 24,582.32
6
What was the total cost of the car?
$ 35,582
$ 34,320
$ 8,320
$ 17,160
7
How do I find the total amount made on a simple interest investment?
A=P+I
A=P*I
A=P-I
A=P/I
8
How much is in his account?
$ 5,000
$ 6,160
$ 6,285
$ 1,160
9
What does A=P(1+r)
t
calculate?
Compound Interest
Simple Interest
Simple Loan
Compound Loan
10
What was the total cost of the house?
$ 300,000
$ 500,000
$ 700,000
$ 600,000
11
What does 't' represent in I=Prt?
Time in Weeks
Time in Months
Time in Days
Time in Years
12
What is the total amount she paid?
$ 2,754.88
$ 6,500
$ 2,437.50
$ 9,254.88
13
After 7 years, how much is the debt?
$ 15,458.93
$ 15,177.60
$ 2,777.60
$ 3,058.94
14
After 12 years, about how much interest is earned?
$ 2417
$ 9117
$ 6700
$ 4834
15
How much interest did the loan gain if it was paid off in 8 years?
$ 4,130
$ 12,450
$ 8,320
$ 2,065
16
How much interest did she pay?
$ 5,520
$ 65,713.38
$ 5,713.38
$ 64,212.23
17
How much interest has been earned after 10 years?
$ 3430.62
$ 6440
$ 52,861.24
$ 6861.24
18
What does I=Prt calculate?
Simple Interest
Simple Loan
Compound Loan
Compound Interest
