Intro to Credit & Loans
12th Grade
•10 Qs
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Intro to Credit & Loans
Quiz
•
Mathematics
•
12th Grade
•
Hard
+12
Standards-aligned
Justine Schreacke
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Sam buys a new living room set that costs $3,850 that requires a 15% down payment. How much is the down payment?
Tags
CCSS.7.RP.A.3
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Charlie wants to buy a car that costs $37,000. He signs a credit agreement that requires a 20% down payment. How much is the down payment?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSN.Q.A.1
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Tina wants to purchase a new washer and dryer for $4,500. She signed an installment agreement requiring a 15% down payment and monthly payments of $250 for 18 months. How much will Tina pay for the washer and dryer on this installment plan?
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.2
CCSS.7.NS.A.3
CCSS.7.RP.A.3
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Rachel bought a $7,500 jet ski on an installment plan that requires a 10% down payment and 18 monthly payments of $415 each. How much will Rachel pay for the jet ski on this installment plan?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.CED.A.2
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Sierra bought a $1,750 computer on an installment plan. She makes a down payment of $175 and has to make monthly payments of $150 for one year. How much will Sierra pay for the computer on this plan?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Use the loan calculator to find the monthly payment.
Tyler bought a new car. The total amount he needs to borrow is $3,475. He plans on taking out a 6 year loan with an APR of 7.8%. What is the monthly payment?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.2
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSN.Q.A.1
CCSS.HSN.Q.A.2
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Use the loan calculator to find the monthly payment.
Beth is taking out a 5 year loan for $18,255. If she has an APR of 6.3%, what is the monthly payment?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.2
CCSS.HSA.REI.B.3
CCSS.HSF.BF.A.1
CCSS.HSN.Q.A.1
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