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Financial Literacy and Math Worksheet (Grade 12)

Authored by Ester Jones

Mathematics

12th Grade

Financial Literacy and Math Worksheet (Grade 12)
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jack has an outstanding balance of $423.81 on his bank credit card. Find the finance charge for the month if it is calculated at 1.5%.

$63.97

$6.36

$0.64

$6.35

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Introductory interest rates are credit cards will

Remain the same while you have the credit card

Will go up after the introductory period is over

Will go down after the introductory period is over

Can be reinstated after the introductory period

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If your insurance policy limits are 50/100/50, and you are in a car accident that causes $60,000 in property damage, your insurance will pay what amount?

$100,000

$50,000

$60,000

$250,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

$192,500

33%

27%

$50,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following issues a credit line?

A credit bureau

An installment loan

A revolving credit loan

A mortgage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

$278.38

$225.62

$52.76

$139.19

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for exponential growth is ___?

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