Financial Literacy Test
Flashcard
•
Mathematics
•
7th Grade
•
Hard
+17
Standards-aligned
Wayground Content
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Discount is ____________ from the price.
Back
subtracted
Tags
CCSS.6.RP.A.3B
2.
FLASHCARD QUESTION
Front
Assets are best described as ____________.
Back
money or property you own
3.
FLASHCARD QUESTION
Front
You are purchasing a T.V for $990 with 9% sales tax. What is the final price of the T.V?
Back
$1,079.10
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
Emilio borrows $1200 from a bank with 8.5% simple interest per year. How much will he have to pay back total in 2 years?
Back
$1,404
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
Tina invested $2,000 in a simple interest account and earned 8% rate for 5 years. What is the interest that she earned on the account?
Back
$800
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal × Rate × Time
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What does the term 'principal' refer to in finance?
Back
The original sum of money borrowed or invested.
Tags
CCSS.7.RP.A.3
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