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7P1 Financial Test

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Last updated about 3 years ago
10 questions
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Question 4
4.

Below are three different ads at three different stores for the same baseball cap. For which store will the caps be the cheapest?

Question 5
5.

Ms. Taylor made the list of assets and liabilities shown below. Assets are shown as positive numbers, and liabilities are shown as negative numbers. What is Ms. Taylor’s net worth?

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Question 10
10.

Laci is on a school field trip and wants to purchase a souvenir for her parents. The item she wants is priced at $20. The total cost of the souvenir with tax is $21.45. What tax rate does Laci pay for the souvenir?

Question 1
1.

Suzy deposits $500 in a simple interest savings account with an interest rate of 6%. If Suzy does not make any additional deposits or withdrawals, how much interest will she earn at the end of 10 years?

Question 2
2.

Heather is comparing the two different savings accounts shown in the table. If she has $5,000 to deposit into her new savings account, which account would earn more interest?

Question 3
3.

Josiah begins his shopping at the music store. He finds the CD he wants, and it has a price sticker that reads $15.99. The tax rate for the city is 8.25%. How much will Josiah pay in tax for the CD?

Question 6
6.

Using the table, determine which restaurant your parents should eat at if they want to spend the least amount of money. Meal prices are $8.50 at both restaurants.

Question 7
7.

If Mr. Smith is paid hourly and works 240 hours a month, what is the minimum hourly wage he will need to balance his budget?

Question 8
8.

The Reyes family listed their assets and liabilities. Which of the following items are liabilities?

Question 9
9.

This is the Reyes family budget totaling $2432.50. What percent is the closest to the amoung of their budget that the family sets aside for food each month?