Financial Literacy Quiz
8th Grade
•6 Qs
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Financial Literacy Quiz
Quiz
•
Mathematics
•
8th Grade
•
Hard
Standards-aligned
Aaliyah Davis
Used 11+ times
FREE Resource
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6 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
$5,000 COMPOUNDED annually for 15 years at a 3% interest rate.
What is the total value?
Round to the nearest WHOLE number.
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
$5000 COMPOUNDED annually for 15 years at a 3% rate.
What is the interest?
$7789
$7790
$5
$2790
3.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
$7500 deposit with simple interest for 8 years at a 2% rate.
What is the interest earned?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
$7500 deposit with simple interest for 8 years at a 2% rate.
What is the total value?
$12,000
$8,700
$1,200
Tags
CCSS.7.RP.A.3
5.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
Alexa went to the bank and deposited $1,450. She decided that she was going to leave that money in her savings account for 30 years, because the bank was giving her such an amazing rate at 4.5%!!
How much money will Alexa make if she chooses to do compound interest?
Round to the nearest whole number.
Tags
CCSS.HSF-LE.A.1C
6.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
Journie:
Deposits $5,500 for 15 years at 2% simple interest.
Baylee:
Deposits $2,000 for 20 years at 1.5% compound interest.
Who earns more money?
**HINT: be careful with your total values for each type of interest.
Tags
CCSS.7.RP.A.3
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