Financial Literacy
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
Carl Johnson
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The table shows Gillian's net worth. Assets are shown as positive numbers, and liabilities are shown as negative numbers. Gillian's net worth is $90,500. Based on the information in the table, what is the amount of money Gillian owes for student loans?
$19,950
$12,250
$16,100
$86,650
Tags
7.13.C
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Emily created the net worth statement shown. Based on the information in the table, what is Emily’s net worth?
$107,550
$87,025
$20,525
$128,075
Tags
7.13.C
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The table shows Peter's net worth statement. Assets are shown as positive numbers, and liabilities are shown as negative numbers. The value of Peter's house is not given. Peter's net worth is $101,800. Based on the information in the table, what is the current value of Peter's house?
$58,600
$78,300
$98,000
$82,100
Tags
7.13.C
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Phillip created the net worth statement shown. Based on the information in the statement, what is Phillip's net worth?
$184,500
$41,500
-$71,500
-$41,500
Tags
7.13.C
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The table shows Avery's net worth statement. Avery's net worth is $53,755. Based on the information in the table, what is the current value of Avery's car?
$3,180
$13,580
$7,830
$12,480
Tags
7.13.C
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A monthly budget for a small family is shown. Which equation can be used to find b, the minimum amount of money the family must earn annually in order to meet this budget?
b = $3,630 x 12
b = $3,630 x 52
b = $43,560 + 52
b = $43,560 + 365
Tags
7.13.D
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A monthly budget with expenses is shown. Which equation can be used to determine y, the minimum amount of money a family must earn to meet the requirements of this budget for one year?
y = 3,600 x 12
y = 3,600 ÷ 7
y = 3,600 x 4
y = 3,600 ÷ 52
Tags
7.13.D
8.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?
$47,403.20
$11,395
$18,232
$1,823.20
Tags
7.13.E
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