Canada Grade 8 Math Understanding personal finance, budgeting
Quiz
•
Mathematics
•
8th Grade
•
Practice Problem
•
Easy
+3
Standards-aligned
Owen Nash
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If you earn $50 per week from your part-time job, how much will you have saved after 4 weeks if you save all your earnings?
$150
$200
$250
$300
Answer explanation
To find out how much you will save after 4 weeks, multiply your weekly earnings of $50 by 4. So, $50 x 4 = $200. Therefore, the correct answer is $200.
Tags
CCSS.3.OA.A.3
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
$40
$50
$60
$70
Answer explanation
You start with $100. After spending $35 on transportation and $25 on food, you have spent a total of $60. Subtracting this from your budget: $100 - $60 = $40. Therefore, you have $40 left.
Tags
CCSS.3.OA.D.8
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If you save 20% of your $500 monthly allowance, how much do you save each month?
$80
$100
$120
$150
Answer explanation
To find 20% of your $500 allowance, multiply 500 by 0.20. This equals $100. Therefore, you save $100 each month.
Tags
CCSS.6.RP.A.3C
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
10 weeks
12 weeks
15 weeks
20 weeks
Answer explanation
To find out how many weeks it takes to save $300 by saving $25 each week, divide 300 by 25. This gives 12 weeks. Therefore, the correct answer is 12 weeks.
Tags
CCSS.6.EE.B.7
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
$300
$400
$450
$500
Answer explanation
You start with $150 and deposit $50 each month for 6 months. That's 6 x $50 = $300. Adding this to your initial amount: $150 + $300 = $450. Therefore, the total after 6 months is $450.
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
$40
$50
$60
$70
Answer explanation
To find out how much more you need to save, subtract your current savings from the total cost: 80 - 30 = 50. Therefore, you need to save an additional $50.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If you spend $15 on lunch every week, how much do you spend on lunch in a month with 4 weeks?
$45
$50
$60
$75
Answer explanation
To find the monthly lunch expense, multiply the weekly cost by the number of weeks: $15 x 4 = $60. Therefore, you spend $60 on lunch in a month with 4 weeks.
Tags
CCSS.3.OA.A.3
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