7th Grade Module 2 Topic 2 Review

Avery borrowed $5000 from William to start a small business. If William charged an interest rate of 4% per year, how much would Avery owe in interest after 3 years?

• 600

• 1200

• 800

• 400

Tags

CCSS.7.RP.A.3

Calculate the compound interest on a principal amount of $2000 at an interest rate of 6% per year compounded annually for 5 years.

• $600.00

• $800.00

• $1000.00

• $671.16

Tags

CCSS.HSF.BF.A.2

Calculate the simple interest on a principal amount of $7000, at an interest rate of 6% per year, for 2 years.

• $8400

• $1260

• $420

• $840

Tags

CCSS.7.RP.A.3

Lily, Evelyn, and Daniel decided to invest in a small business. They pooled together $2000 as the principal amount. If the business promised an interest rate of 3% per year, how much simple interest would they earn after 3 years?

• 150

• 210

• 250

• 180

Tags

CCSS.7.RP.A.3

Which of the following are considered liabilities?

1 - A Mortgage

2 - Kitchen Dishes

3 - A Car Loan

• 1 only

• 1 and 2 only

• 1 and 3 only

• 1, 2, and 3

How do you find Net Worth?

• Liabilities - Assets

• Assets - Liabilities

• Liabilities + Assets

• Assets + Liabilities

Tags

CCSS.6.NS.C.7C

Based on the table what is Julian's net worth?

• $805.85

• $8,062.45

• $3,628.80

• $508.80

Tags

CCSS.7.EE.B.3

What is the net worth?

Hint: Assets - Liabilities = Net Worth

• $196,746

• $ 200,054

• $ 396,800

• - $ 3,309

Tags

CCSS.7.EE.B.3

• 10%
• 50%
• 25%
• 75%

Tags

CCSS.6.RP.A.3C

• $225
• $450
• $675
• $900

Tags

CCSS.6.RP.A.3C