Personal Financial Literacy

Tuition for one year of college at a state
university is about $13,000. Clay will save money each month for the next four years. Clay’s parents will give him $5,200 for his first year of tuition. Which plan shows the minimum amount of money Clay must save to have enough to pay for his first
year of tuition?

• Save $270.83 per month for the next 4 years
• Save $162.50 per month for the next 4 years
• Save $650.00 per month for the next 4 years
• Save $108.33 per month for the next 4 years

Tags

CCSS.8.EE.C.7

CCSS.8.F.B.4

Jordyn is getting a 2-year degree at a community college by taking 15 credit hours per semester. Which of the following is the best estimate of the total cost of Jordyn’s degree?

• $14,290
• $14,460
• $17,430
• $17,519

Tags

CCSS.8.EE.B.5

CCSS.8.EE.B.6

CCSS.8.F.A.1

CCSS.8.F.A.3

CCSS.8.F.B.4

The table below shows the cost of attending a state college. Zyda will receive a scholarship for $2,008 and a grant for $3,500. Her family will contribute $1,900. Zyda plans to take out a loan for the remaining amount she must pay for her first year of college. Which of the following is closest to the amount of the loan?

• $6,461
• $11,456
• $13,919
• $18,914

Tags

CCSS.8.F.B.4

8.12(G) 2017

• A
• B
• C
• D

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

• the amount of money borrowed or deposited
• the percent interest for his year
• the amount taxed
• the amount the bank owes you for being a customer at their bank

Tags

CCSS.8.EE.C.7B

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Tags

CCSS.7.RP.A.3

$500 at 3% for 5 years. What is the ending balance? 

• $75
• $575
• $500
• $7,500

Josh invested $1200 at an annual interest rate of 3.5% for 4 years. How much will he have total at the end of 4 years?

• $1368

• $168

• $1268

• $1680

Ava invested $600 at an annual percentage rate of 5% for 2 years. How much interest did she earn?

• $605

• $1200

• $660

• $60

The Principal and Interest are always___________.

• fraction
• decimal
• percent
• money

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3