Financial Literacy

Elijah bought a pair of boots for $80 and a shirt for $20. The sales tax is 5%. How much did Elijah pay for all the items, including tax?

Katherine deposits $1000 into a savings account with 3% simple interest for 2 years. How much interest is earned?

Noah can purchase 10 lbs of hamburger meat from several different sellers. Which is the cheapest option? Options: Buy online for $50 plus pay shipping and handling costs of $1 for each pound. Buy from 3T Meats for $70 with a 20% friend discount. Buy at Stewart's where the price is $60 and use a $5-off coupon.

Pedro deposits $100 into a savings account that earns 5% simple interest. If he leaves the account alone for 20 years, how much total money will be in the account?

Which is the cheaper deal: A $20,000 car with a 20% discount or a $20,000 car with $4000 off?

Raiden buys a new Cybertruck for $60,000. If the sales tax rate is 8%, how much is the tax on that new Cybertruck?

Mr. Quiz's total assets are worth $1,200,000. He has liabilities that total $200,000. What is Mr. Quiz's net worth?

Which of the following is an asset?

Credit Card Debt

Car Loan

House Mortgage

Checking Account

Which of the following is a liability?

Stocks

Rent

Cash

House

If I own an item it is considered an...