Personal Financial Literacy
Flashcard
•
Mathematics
•
8th Grade
•
Practice Problem
•
Hard
+3
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the original amount of money paid or charged?
Back
Principal
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
Which loan option would allow Jasmine to pay the least amount of interest?
Back
An 18-month loan with 4.75% compound interest
3.
FLASHCARD QUESTION
Front
In what units must time be given for financial calculations?
Back
Years
4.
FLASHCARD QUESTION
Front
What kind of interest is earned on the principal plus the interest?
Back
Compound
5.
FLASHCARD QUESTION
Front
If Sebastian invests $3500 at 3.75% simple interest for 5 years, how much will he earn?
Back
$656.25
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal x Rate x Time
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What is the formula for calculating compound interest?
Back
Compound Interest = Principal x (1 + Rate)^Time - Principal
Tags
CCSS.7.RP.A.3
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