7P1 Financial Test
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Last updated almost 3 years ago
10 questions
Required
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?
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?
Required
1
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?
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?
Required
1
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?
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?
Required
1
Below are three different ads at three different stores for the same baseball cap. For which store will the caps be the cheapest?
Below are three different ads at three different stores for the same baseball cap. For which store will the caps be the cheapest?
Required
1
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?
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?
Required
1
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.
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.
Required
1
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?
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?
Required
1
The Reyes family listed their assets and liabilities. Which of the following items are liabilities?
The Reyes family listed their assets and liabilities. Which of the following items are liabilities?
Required
1
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?
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?
0
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?
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?