What is a loan?

Simple Interest and College Cost

Quiz
•
Mathematics
•
8th Grade
•
Medium
KERRIAN TOLIVER
Used 5+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money you do not have to pay back
money given based on talents and grades
money borrowed which must be repaid, usually with interest
money you earn from working
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Below are the estimated expenses that Abby will have to attend college:
Tuition: $8,000
Room & Board: $9,400
Books & Supplies: $1,500
Transportation: $600
What will be the total cost per year?
$19,100
$19,500
$20,900
$20,450
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Kate estimates college will be $40,300 per year and she receives $3,900 in scholarships, what is her estimated cost per year?
$37,900
$45,239
$39,380
$36,400
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If John estimates college will be $4,300 per year and she receives $500 in scholarships, what is her estimated cost per year?
$3,800
$4,900
$3,200
$3,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If it costs Ben $20,900 per year to attend college, how much will it cost for 4 years?
$90,920
$84,900
$83,600
$87,380
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a scholarship?
money given based on talents and grades
cost of taking classes
borrowed money that you must pay back
something you do not want
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Interest rate = 2.5%
TIme = 3 years.
How much interest?
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