Canada Grade 8 Math Understanding personal finance, budgeting

Canada Grade 8 Math Understanding personal finance, budgeting

8th Grade

15 Qs

quiz-placeholder

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Canada Grade 8 Math Understanding personal finance, budgeting

Canada Grade 8 Math Understanding personal finance, budgeting

Assessment

Quiz

Mathematics

8th Grade

Practice Problem

Easy

CCSS
3.OA.A.3, 4.MD.A.2, 3.OA.D.8

+3

Standards-aligned

Created by

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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