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Financial Literacy Unit One Review: Problems

Total questions: 15

Worksheet time: 21mins

Name
Class
Date
1.

Ms. Carlton's second grade class, including Anika, Samuel, and Aria, wants to go on a thrilling field trip to the dinosaur museum. They need $350 for the trip and they have $419 from a bake sale. Should they save or spend their money?

a)

save

b)

spend

2.

Greg, Noah, Grace, and Avery are planning a fun bike trip together. Greg wants to buy a new bike that costs $125, but he only has $75. Does he need to save or spend his money to join his friends on the trip?

a)

save

b)

spend

3.

Sophia, Liam, and Avery are helping Angie manage her finances. Angie's balance forward is $217.58. Her checking account register shows payments of $25.00 for a movie night, $10.57 for Liam's favorite snack, and $49.67 for Avery's birthday gift. It also shows one deposit of $50.00 from Sophia's generous contribution. What is the total amount of money in her bank account after all these transactions?

a)

$132.34

b)

$182.34

c)

$50.00

d)

None of the above

4.

Grace, Michael, and Charlotte are helping Susanna manage her finances. Susanna's balance forward is $117.58. Her checking account register shows payments of $15.00 for a movie night with Grace, $8.57 for ice cream with Michael, and $49.67 for a birthday gift for Charlotte. It also shows one deposit of $30.00 from her recent paycheck. What is the total amount of money that Susanna has in her bank account after all these transactions?

a)

$117.58

b)

$44.34

c)

$74.34

d)

$30.00

5.

Aria, Mason, and Anika went out for a delicious meal and their bill is $45.00. They want to leave a 20% tip for the excellent service. How much should they tip?

a)

$2.00

b)

$3.00

c)

$5.00

d)

$9.00

6.

Sophia, Benjamin, and Grace are out for dinner and their bill is $9.00. They want to leave a 20% tip. How much should they tip approximately?

a)

$1.00

b)

$2.00

c)

$5.00

7.

Aria, Emma, and Arjun are having a great time at a restaurant. Their bill comes to $60.00. They want to leave a 20% tip for their amazing waitress. How much should they tip?

a)

$9.00

b)

$12.00

c)

$15.00

d)

$20.00

8.

Liam, Grace, and Kai are having a friendly competition to see who can convert percentages to decimals the fastest. Help them out by converting 4.3% to a decimal.

a)

4.3

b)

.43

c)

.043

d)

4300

9.

Elijah, Abigail, and Aiden are having a friendly competition to see who can convert percentages to decimals the fastest. Help them out by converting the following percentage to a decimal: 5%

a)

5

b)

.5

c)

.05

d)

500

10.

Priya, Ava, and Oliver are having a friendly competition to see who can convert percentages to decimals the fastest. They're currently trying to convert 3.25%. Can you help them out? 
What is 3.25% as a decimal?

a)

.0325

b)

.325

c)

3250

d)

32.5

11.

Aiden, Charlotte, and Liam are planning a fun fair. They start with a budget of $350. If they invest this money in a bank with an interest rate of 2.5% for 3 years, how much interest will they earn to add to their fun fair budget?

a)

$7.50

b)

$26.25

c)

$87.5

d)

$262.50

12.

Noah, Emma, and Nora are at a toy store. Noah picks up a toy priced at $17.95. If the sales tax is 6%, can you help them figure out the total cost of the toy?
Price $17.95
Tax 6%

a)

$19.03

b)

$18.50

c)

$1.08

d)

$2.15

13.

Aria, Michael, and Elijah went to buy a TV for their gaming room. They found a perfect one for $900, but there was a 10% sales tax. What was the total cost of the TV?

a)

$900

b)

$990

c)

$810

d)

$1035

14.

Maya, Evelyn, and Zoe went out for a delicious dinner. They ordered a $20 meal and need to calculate the total cost, including a 9% sales tax and a 20% gratuity after the sales tax has been added. Can you help them figure out the total cost?

a)

$ 1.80

b)

$ 4.00

c)

$26.16

d)

$29.20

15.

Aiden, Elijah, and Oliver are having a friendly competition to see who can change the following percent to a decimal the fastest: 30%. Can you beat them?

a)

.03

b)

.30

c)

3.0

d)

30