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Credit, Debt, and Financial Principals

Total questions: 11

Worksheet time: 14mins

Name
Class
Date
1.

You should always live on (a)   than you make

2.

Which one is the formula for calculating your interest payment over time?

a)

(price) x (interest rate) x (amount of time)

b)

(price) x (interest rate) + (amount of time)

c)

(price) + (interest rate) x (amount of time)

d)

(price) x (interest rate)

3.

Calculate the interest:

Price: $250

Interest Rate: 17%

Time: 4 months

a)

$100

b)

$42.50

c)

$170

d)

$420

4.

Calculate the interest:

Price: $70

Interest Rate: 4%

Time: 1 months

a)

$1.00

b)

$2.80

c)

$1.46

d)

$5

5.

Financial principal two: Build a (a)  

6.

How do you find the grand total of your debt?

a)

(price) x (interest rate) x (amount of time)

b)

(Interest price over time) + (initial payment)

c)

(Interest rate) + (initial payment)

d)

(Interest price over time) x (initial payment)

7.

Calculate the GRAND DEBT TOTAL:

Price: $70

Interest Rate: 4%

Time: 1 months

a)

$71

b)

$2.80

c)

$1.46

d)

$72.80

8.

Calculate the debt GRAND TOTAL:

Price: $250

Interest Rate: 17%

Time: 4 months

a)

$420

b)

$42.50

c)

$4.25

d)

$100

9.

Financial principal three: Be (a)   free

10.

50% as a decimal is...?

a)

.05

b)

.50

c)

.005

d)

5.0

11.

3% as a decimal is....?

a)

.3

b)

.003

c)

.30

d)

.03