NEW
Font size
WorksheetsHandling Unexpected Expenses
Total questions: 20
Worksheet time: 39mins
Dentists and other businesses will often allow you to pay_____.
at a discount rate
in monthly installments
interest fee
late
To be prepared for unexpected expenses it is important to________.
earn a good wage
keep a monthly budget
have money in savings
use your credit card
While you pay off a loan the money in your savings account______.
earns interest
gets spent
is taken by the bank
is a liquid asset
shrinks
Julie's toothache was an expense she couldn't___________.
predict
pridict
create
craete
predikt
Julie's computer repair bill was another example of an ___________ expense.
expected
unexpected
unexpicted
expicted
Lenders often require _______ as protection against non-payment of a loan.
collateral
colateral
collection
colection
culataral
The interest earned in your savings account can offset, or _______, the cost of having debt.
reduce
increase
riduce
encrease
encroach
The extra money created on the money borrowed is called________?
Amount
Rate
Interest
Principal
Emilio borrows $1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?
$150
$192
$1350
$1392
Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 years.
$300
$540
$500
$400
Interest rate = 2.5%
TIme = 3 years.
How much interest?
