Personal Financial Literacy STAAR Review 23-24

Alice hs a loan of $24,820. This loan has a simple interest rate of 3.5% per year. No payments will be made on the loan until the end of one year.

How much interest will Alice pay on this loan at the end of one year.

• F

  $868.70

• G

  $72.39

• H

  $8,687.00

• J

  $25,688.70

Tags

CCSS.7.RP.A.3

The table shows Gillians net worth. Assets are shown as positive numbers, and the liabilities are shown as negative numbers.

Gillians net worth is $90,500. Based on the information in the table, what is the amount of money Gillian owes for student loans?

• A

  $19,950

• B

  $12,250

• C

  $16,100

• D

  $86,650

Tags

CCSS.7.EE.B.3

Emily created the net worth statement shown.

Based on the information in the table, what is Emily's net worth?

• A

  $107,550

• B

  $87,025

• C

  $20,525

• D

  $128,075

Tags

CCSS.2.OA.A.1

Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

The table shows Avery's net worth statement.

Avery's net worth is $53,755. Based on the information in ht table, what is the current value of Avery's car?

• A

  $3,180

• B

  $13,500

• C

  $7,830

• D

  $12,480

Tags

CCSS.7.EE.B.3

Phillip created the net worth statement shown.

Based on the information in the statement, what is Phillip's net worth?

• A

  $184,500

• B

  $41,500

• C

  -$71,500

• D

  -$41,500