Personal Finance "How will I Survive"?

If you earn $65,000 yearly salary and you need to find your monthly salary, what do you need to do?

• multiply by 12

• Add by 12

• divide by 12

• subtract by 12

Your make $15.00 per hour, how much do you earn per week with no overtime?

• $300

• $600

• $120

• $240

What formula did we use to finance your car loan?

• Compound Interest

• Discount Interest

• Simple Interest

• Variable Interest

What percent did we used to finance your car?

• 6%

• 7%

• 8%

• 9%

Your total income before income tax or other deductions are taken out of it.

• Net Income

• Income Tax

• Interest Income

• Gross Income

Tags

CCSS.7.RP.A.3

The amount that is left after taxes.

• Assets

• Compound Interest

• Net Income

• Income Tax

Tags

CCSS.6.NS.C.5

The formula Simple Interest finds what?

• Only Interest

• Total

• Only tax

• Interest and Total

Your loan to buy a car using the formula Simple Interest (I = Prt), What does "P" represent?

• 7% Percent

• Time 5 years

• Purchase Price

• None of the above

Interest that is calculated only on the principal, or original, amount of a loan.

• Savings

• Compound Interest

• Simple Interest

• Depreciation

Tags

CCSS.7.RP.A.3

When you itemize all your bills to pay, what type of template was used

• Interest Rate sheet

• Payment sheet

• Budget sheet

• Billing sheet