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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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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
What is 4% written in decimal form?
0.4
4.0
4
0.04
2
What is the interest earned on this loan?
$1,823.20
$11,395
$47,403.20
$18,232
3
What does the 't' stand for in I=Prt?
Time in weeks
Time in years
Time in days
Time in months
4
True or False: Felicia spends 10% of her monthly budget on clothes and food?
False
True
5
True or False: Felicia spends 20% of her monthly budget on her college savings?
False
True
6
What does A=P(1+r)
t
calculate?
Simple Loan
Compound Interest
Simple Interest
Compound Loan
7
True or False: Felicia spends 50% of her monthly budget on her car payment and cell phone?
False
True
8
What is the TOTAL AMOUNT that will be paid on this loan?
$182,320.50
$45,580.00
$47,403.20
$56,975.20
9
How do you convert percent into a decimal?
move decimal 2 spots to the right
move decimal 2 spots to the left
% multiplied by 100
% divided by 100
10
What does I=Prt calculate?
Compound Interest
Simple Interest
Compound Loan
Simple Loan
11
True or False: Felicia spends 25% of her monthly budget on her car payment?
False
True
12
Based on the information in the table, what is Emily's net worth?
$107,550
$87,025
$128,075
$20,525
13
A refrigerator is priced at $525.50. There is a 6% tax rate. What is the tax on the fridge?
$557.03
$31.53
$3,153.00
$531.50
