Financial Literacy

How many weeks will take Stacy to complete the cost of the bike?

(a)  

Sammy is saving $5 out of his $10 allowance each week for summer science camp. He must divide the rest between his savings account, a charity of his choice, and his college fund. Sammy gives $1 per week to a local charity. He puts the same amount in his savings account as his college fund. How much does Sammy put in his college fund each week?

• $2.00

• $2.50

• $4.50

• $4.00

Tags

CCSS.3.OA.D.8

Each week, Carol saves $24, pays $56 for her expenses, and gives $8 to the charity of her choice. If she makes $8 per hour, how many hours must she work to make enough money to meet this budget?

• 3 hours

• 7 hours

• 11 hours

• 10 hours

Tags

CCSS.7.EE.B.4A

Carlos has a weekly allowance of $24. He spends $4 on snacks and $6 on entertainment each week. He is saving the rest for a printer that costs $224. How many weeks will it take Carlos to save enough money to buy the printer?

(a)  

Tags

CCSS.7.EE.B.3

Jim gets a weekly allowance. He keeps $8 for spending money, saves $5 and gives $2 to charity. How much is Jim’s weekly allowance?

• $15

• $13

• $11

• $16

Tags

CCSS.4.MD.A.2

Mrs. Artino takes out a loan from a financial institution. The loan is for $600. The total interest paid will be $6. How much is the interest per $100 borrowed?

(a)  

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

Which situation shows a financial institution as a borrower?

• Abby uses a credit card to pay for an online purchase.

• Kevin borrows money to pay for a course as a dental assistant.

• Luis deposits his paycheck into a savings account.

• Hailey takes out a loan to help her buy a house.

Casey borrows $200 from her bank. What is the total amount she will have to repay the bank?

• $120

• $50

• $12

• $212

Tags

CCSS.6.RP.A.3B

Which statement is NOT true about a financial institution?

• A financial institution is a safe place to keep your money

• A financial institution charges a fee, called interest, on loans.

• A financial institution can issue credit cards.

• A financial institution is a business that never borrows money.

Emma borrows $1,300 from her bank. The interest fees are $5 for every $100 borrowed. How much will Emma be charged in interest fees?

• $75

• $130

• $65

• $50

Tags

CCSS.6.RP.A.3B