Personal Financial Literacy Concepts Review

Personal Financial Literacy Concepts Review

Assessment

Interactive Video

Mathematics

6th - 10th Grade

Hard

Created by

Amelia Wright

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the method to calculate sales tax on an item?

Divide the price by the tax rate

Add the tax rate to the price

Multiply the price by the tax rate in decimal form

Subtract the tax rate from the price

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you simplify a percent proportion before solving?

By multiplying both sides by 100

By dividing both the numerator and denominator by the same number

By adding 100 to both sides

By subtracting the percentage from 100

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which store offers a better discount for a computer priced at $950?

Both offer the same discount

Neither store offers a discount

Store B with 25% off

Store A with 20% off

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the annual income required to meet a monthly budget of $4000?

$48,000

$12,000

$36,000

$24,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the monthly budget is spent on transportation?

5%

25%

10%

15%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate net worth?

Assets divided by liabilities

Assets minus liabilities

Assets plus liabilities

Liabilities minus assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for simple interest?

A = P(1 + r)^t

I = prt/100

A = P(1 + rt)

I = PRT

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