Personal Financial Literacy

Personal Financial Literacy

8th Grade

18 Qs

quiz-placeholder

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Personal Financial Literacy

Personal Financial Literacy

Assessment

Quiz

Mathematics

8th Grade

Hard

Created by

Samuel Janzen

Used 7+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What kind of interest is earned only on the principal?

Simple

Compound

Complex

Basic

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What does the letter "A" mean in A=P(1+r)^t ?

Account

Area

Allowance

Total Amount

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Time must be given in...

Days

Weeks

Months

Years

Decades

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

An additional amount of money paid or charged is...

Total

Interest

Rate

Principal

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The original amount of money paid or charged is...

Total

Interest

Rate

Principal

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What kind of interest is earned on the principal plus the interest?

Simple

Compound

Complex

Basic

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Explain the difference between simple and compound interest. (Choose all that are true.)

Simple charges/earns interest on the principal and interest accrued.

Compound charges/earns interest on the principal only.

The simple interest equation calculates total amount.

The compound interest equation calculates total amount.

Simple charges/earns interest on the principal only.

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