UNIT 3 REVIEW FINANCIAL LITERACY

Sir Coach Carrington $5,000 in a savings account that pays 4% interest compounded annually.

Which equation could be used to find the value of the account after 3 years?

• A = 5,000(1 + 4)³

• A = 5,000(1 + 0.04)³

• A = 5,000(1 + 0.4) x 3

• A = 5,000(0.04)³

You can get this at a local shop in Downtown Tomball!!

What is Coach Ortiz favorite laundry detergent?

Hint: Click on the picture

Also Coach Ortiz and his wife bought two diva candles as well because they smell so good

• Diva Glamorous Wash

• LESSGOO HUHHH

• HUHHH

• Tide Sport

• TIDE TO GO

• $11,954.54

• $996.21

• $1,195,454

• $99621.17

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CCSS.7.RP.A.3

• $57,933.54

• $1,241,433

• $46,975.21

• $145,600.17

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CCSS.HSF.BF.A.2

Coach Carrington and Coach Irwin just recently bought a house together so their friends can watch football together during the fall and baseball in the spring. The house cost $277,990 that earns 3.79% annual simple interest,

The house will earn ​ ​ (a)   in interest at the end of the year.

The house will earn in interest ​ (b)   at the end of 30 years.

​

• $10,535.82
• $316,074.63
• $1,053,582.10
• 31,607,463

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CCSS.7.RP.A.3

Coach Carrington and Coach Irwin just recently bought a house together so their friends can watch football together during the fall and baseball in the spring. The house cost $277,990 that earns 3.79% annual simple interest,

The house will earn ​ ​ ​ (a)   in interest at the end of 360 months,

The total cost for the house at the end of 30 years will cost

​ (b)  

​

• $1,053,582.10
• 31,607,463
• $316,074.63
• $594, 064.63

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CCSS.HSF.BF.A.2

Which is the formula for Simple Interest?

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CCSS.7.RP.A.3

Which is the formula for Compound Interest?

Time has to be in _____________

• years

• months

• days

• seconds

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CCSS.4.MD.A.1

Coach Carrington and Coach Naf recently listened to the veteran and local Tomball Legend Coach Allan about investing. They decided to invest $10,000 to their financial advisor that pays 2.5% interest compounded annually for 8 years. What will be the total amount in the account after the 8 years is over?

• $12,184.03

• $225,187,539.06

• $10,165.98

• $1,218.40

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CCSS.HSF-LE.A.1C