Money Management

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

• $3182.50

• $270.75

• $2707.50

• $745.75

Tags

CCSS.7.RP.A.3

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

• $22,275

• $2227.50

• $12,375

• $3727.50

Tags

CCSS.7.RP.A.3

Find the balance in the account after the given period.

$12,000 principal earing 4.8% compounded annually after 7 years.

• $3,243.19

• $16,661.35

• $15,243.19

• $4,661.35

An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?

• $7,457.95

• $10,359.57

• $17,546.55

• $484.57

Tags

CCSS.HSF-LE.A.1C

All of these are "NEEDS" EXCEPT:

• BUS FARE

• MOVIE TICKETS

• RENT

• GROCERIES

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Rent and car insurance payments are both which type of expenses?

• fixed costs that are needs

• fixed costs that are wants

• variable costs that are needs

• variable costs that are wants

Which word of phrase should be at the top of the left column of this budget?

• Cash flow

• Fixed costs

• Income

• Savings

Tags

CCSS.6.NS.B.3

What is the main purpose of a budget?

• to keep track of cash flow

• to find new sources of income

• to differentiate between needs and wants

• to determine the amount of taxes to be paid

Lola is saving for a vacation. Based on the budget numbers here, how much can she put in her vacation account this month?

• $32.00

• $48.00

• $112.00

• $128.00

Tags

CCSS.6.NS.B.3

Another name for an overdraft fee is non-sufficient funds.

• true

• false