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WorksheetsChoosing a Bank
Total questions: 16
Worksheet time: 13mins
It is easier to get a loan if you __________.
Maintain a bank account.
Pay cash for everything.
Ask really nicely.
Already have debt.
ATM stands for ________.
Automated Teller Machine
Awesome Teller
Money
Assistant Transfer Machine
Always Talking Mookie
Many banks charge _______ or money for some services.
Fees
Rewards
Fines
Interest
Phishing is _________.
A scam designed to get your password.
The same as fishing.
A fun new dance.
A show on TLC.
The higher your _________ the faster your money will grow.
interest rate
service fee
ATM
phish
We keep our money in a bank to__________.
Keep it safe.
Spend it easily.
Make it inaccessible.
Be fashionable.
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?
$3182.50
$270.75
$2707.50
$745.75
Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?
$22,275
$2227.50
$12,375
$3727.50
Mark took out a loan for $25,690 to purchase a new truck at a simple interest rate of 5.2%. How much interest will he pay on his truck after 5 years?
$6,679.40
$32,369.40
$66,794
$679.40
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% simple interest. If she spent $7400 on furniture, how much will she have paid in total after 8 years?
$5624
$13,024
$56,240
$1302.40
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% simple interest, how much will she have in total in her account at the end of 10 years?
$8700
$38,700
$870
$3,870
Riley invested $1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?
$1,012.50
$10,012.50
$2,012.50
$201.25
