WorksheetsD5 Budgets & Simple Interest
Total questions: 11
Worksheet time: 6mins
Name
Class
Date
1.
Which of the following is considered an asset?
a)
savings
b)
student loan
c)
car payoff
d)
credit card debt
2.
A sweater costs $39.99. Which option offers the best price for the sweater
a)
$10 off and then 5% off
b)
40% coupon
c)
$15 off coupon
d)
Sale price of $27.99
3.
A pair of headphones costs $59.99. Which option offers the best price for the headphones?
a)
$25 off coupon
b)
40% coupon
c)
$15 off coupon
d)
Sale price of $27.99
4.
Charlie’s net worth is −$35,354. Which of the following is true?
a)
He has a positive net worth which means his assets are greater than his liabilities.
b)
He has a positive net worth which means his liabilities are greater than his assets.
c)
He has a negative net worth which means his liabilities are greater than his assets.
d)
He has a negative net worth which means his assets are greater than his liabilities.
5.
Which of the following is considered a fixed expense?
a)
housing
b)
food
c)
clothing
d)
entertainment
6.
Which of the following is considered a variable expense?
a)
taxes
b)
utilities
c)
housing
d)
entertainment
7.
Refer to the monetary incentives. Which store offers the most savings for the crock-pot?
a)
Store A
b)
Store B
c)
Store C
d)
Store D
8.
The circle graph shows a family’s monthly budget. What is the average hourly wage for one working parent to meet the budget? Assume the parent works 160 hours in one month. Round to the nearest cent.
a)
$29.33
b)
$29.32
c)
$31.15
d)
$31.16
9.
The circle graph shows Haley’s monthly budget. What percent of her budget is for housing?
a)
18%
b)
28%
c)
13%
d)
8%
10.
The table shows Amy’s assets and liabilities. What is the total value of her assets?
a)
$61,250
b)
$18,375
c)
$79,625
d)
$98,000
11.
Cynthia opened a savings account with $1,250.00.The account pays 4.5% interest annually. If no transactions are made, how much will Cynthia have in her savings account in 3 years?
a)
$168.75
b)
$1,418.75
c)
$1,264.06
d)
$1,081.25
100 %
