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7th grade Financial Literacy Quiz Flashcards | StudBud
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7th grade Financial Literacy Quiz
7th grade Financial Literacy Quiz
13 terms
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StudBud Administration
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#math #financialliteracy #grade7 #TEKS
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
True or False: Felicia spends 20% of her monthly budget on her college savings?
True
False
2
A refrigerator is priced at $420.50 There is a 6% tax rate. What is the tax on the fridge?
$252.30
$25.23
$44.57
$445.73
3
True or False: Felicia spends 50% of her monthly budget on her car payment and cell phone?
True
False
4
Based on the information in the table, what is Emily's net worth?
$20,525
$128,075
$107,550
$87,025
5
True or False: Felicia spends 10% of her monthly budget on clothes and food?
False
True
6
How do you convert percent into a decimal?
move decimal 2 spots to the right
% divided by 100
% multiplied by 100
move decimal 2 spots to the left
7
True or False: Felicia spends 25% of her monthly budget on her car payment?
False
True
8
What is the interest earned on this loan?
$47,403.20
$11,395
$1,823.20
$18,232
9
What is the TOTAL AMOUNT that will be paid on this loan?
$182,320.50
$56,975.20
$45,580.00
$47,403.20
10
What does A=P(1+r)
t
calculate?
Compound Loan
Compound Interest
Simple Interest
Simple Loan
11
What does I=Prt calculate?
Simple Interest
Compound Interest
Simple Loan
Compound Loan
12
What is 4% written in decimal form?
4.0
0.4
0.04
4
13
What does the 't' stand for in I=Prt?
Time in years
Time in days
Time in weeks
Time in months
