Net Worth and Interest Practice
Authored by Alissa Pham
Mathematics
7th Grade
CCSS covered
Used 3+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which group contains exactly one liability and 2 assets?
Savings account, gift card, art work
Checking account, car, mortgage
Mortgage, bank loan, car payment
Stocks, retirement fund, coin collection
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Max has assets worth $77,000 and a net worth of $35,000. What are his liabilities?
$119,000
$45,000
$42,000
$32,000
Tags
CCSS.6.NS.C.5
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Ronnie invested $1400 in a retirement account that pays 5.5% compounded annually. Which expression can be used to determine the total value of Ronnie's investments after 12 years?
Tags
CCSS.HSF.BF.A.2
4.
FILL IN THE BLANKS QUESTION
2 mins • 1 pt
Mr. Juarez opened a savings account with an initial deposit of $560 and will not make any additional deposits or withdrawals. The account earns 1% simple interest. What is the total amount that Mr. Juarez will have in his account at the end of 3 years? (amount is principal + interest calculated)
Type with no units! Just the number
(a)
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The Ortiz family's net worth statement is shown. What is their net worth?
$345,738
$231,126
$576,864
$114,612
Tags
CCSS.7.EE.B.3
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Alondra deposited $500 of her allowance money in an account that earns 7% simple interest. She left it there for 10 years. What mistake did she make in her work?
She forgot to make 10 into a decimal.
She should be using the compound interest formula.
She should be dividing, not multiplying.
She forgot to make 500 into a decimal.
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Shelia's assets total $209,425 and her liabilities total $120,370. What is Sheila’s net worth?
$209,425
$89,055
$329,795
$120,370
Tags
CCSS.7.EE.B.3
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