Intro to Financial Literacy

What is the principal?

• beginning amount of money invested or borrowed

• extra money paid over time for borrowing money

• ending amount, total balance, current value

• when you leave money in the bank and it makes money

What is the interest?

• beginning amount of money invested or borrowed

• extra money paid over time for borrowing money

• ending amount, total balance, current value

• when you leave money in the bank and it makes money

Tags

CCSS.7.RP.A.3

What is the amount accumulated?

• beginning amount of money invested or borrowed

• extra money paid over time for borrowing money

• ending amount, total balance, current value

• when you leave money in the bank and it makes money

Tags

CCSS.7.RP.A.3

Zenaida puts $600 into an investing account. The account earns $200 in interest.

What is the amount accumulated?

• $800

• $600

• $200

• $400

Tags

CCSS.7.EE.B.3

Jordan borrows $300 dollars. After 3 years he has to pay back a total of $420.

What is the interest?

• $300

• $420

• $120

• $720

Tags

CCSS.7.RP.A.3

Jennifer took out a loan 4 years ago. She has accrued $250 in interest. She owes $650 in total.

What is the principal?

• $400

• $650

• $250

• $900

Tags

CCSS.7.NS.A.1B

Abigail invested $500 into an account. After 5 years she had earned $250 in interest.

How much money was in her account at the end?

(a)  

Tags

CCSS.7.EE.B.3

Anthony borrowed $350 from Hogg Bank. At the end of 6 months, he had paid $460.

How much interest did Anthony have to pay?

(a)  

Tags

CCSS.7.RP.A.3

Joseph withdrew all the money that was in a savings account that his parents opened for him 10 years ago, $1,800. Joseph knows the account earned $700 in interest.

How much money did Joseph’s parents put in the account for him 10 years ago?

(a)  

Tags

CCSS.3.OA.D.8

Isaiah borrows $150 for some custom limited edition Air Force 1's. He will have to pay back an extra $30 in interest.

What is the total amount that Isaiah will have to pay back?

• $150

• $30

• $120

• $180

Tags

CCSS.3.OA.D.8