Consumer Math Semester Exam

• 14

• 25

• 7

• 49

Tags

CCSS.6.EE.A.1

When you have a loan on a house, commercial property, or land, it is known as what?

• Rent

• Owner’s Manual

• Mortgage

• Permit

Tags

CCSS.5.NF.B.5B

A monetary value that is added to an account, like a savings account for keeping money in it is known as what?

• Fee

• Interest

• Debit

• Loan

Tags

CCSS.6.NS.C.5

What does correlation tell us?

• The relationship between two sets of data.

• How high the percentage rate is.

• The inaccuracies of data collection.

• The ability to plot positive numbers on a chart.

Tags

CCSS.HSS.ID.C.9

What are closing costs?

• Costs that only happen when someone is renting a house.

• Costs associated with the down payment.

• Costs added to the mortgage payment.

• Costs associated with the closing, like legal fees, title insurance, mortgage fees, and surveys.

 

What would be the simple interest on an amount of $5,500 at 4% interest?

• 220

• 300

• 200

• 350

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CCSS.7.RP.A.3

Tony was plotting points on a graph. She was given (6,2). When she moves 6 spaces, which direction will he need to go?

• Left

• Down

• Right

• Up

Tags

CCSS.5.G.A.2

Mandy borrows $15,000 for 4 years at a 2% interest. What is the cost of the loan, or total interest?

• $1,000

• $1,200

• $1,100

• $1,500

Tags

CCSS.7.RP.A.3

The amount of money borrowed is known as the what?

• Principal

• Exact amount

• Interest rate

• Sum

Tags

CCSS.7.RP.A.3

What is required to have as a homeowner?

• Car Insurance

• Phone

• Cable

• Homeowner’s Insurance

Tags

CCSS.3.OA.D.9