Financial Literacy

Presentation

•

Mathematics

•

8th Grade

•

Medium

•

CCSS

7.RP.A.3, RL.2.6, HSF.BF.A.2

Standards-aligned

Shastity Foots

Used 41+ times

FREE Resource

5 Slides • 9 Questions

Financial Literacy

S. Foots

The simple interest formula is on the reference material sheet.

Multiple Choice

Which services is a bank likely to offer?

net deposit and balance

online banking and savings accounts

check writing and car wash

credit card and Tootsie Rolls

Multiple Choice

Which one of the following are financial institutions?

bank and credit union

library and hospital

school and museum

Starbucks and Wal-Mart

Multiple Choice

The shorter the money is saved, the better.

True

False

Multiple Choice

The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.

fraction

decimal

ratio

dollar amount

Multiple Choice

If you deposit $2,000 with simple interest at 6%, how much interest will you have grown in 2 year?

$200

$240

$350

$24000

Multiple Choice

The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.

the amount of money borrowed or deposited

the percent interest for his year

the amount taxed

the amount the bank owes you for being a customer at their bank

Multiple Choice

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50

$26.25

$87.5

$262.50

Multiple Choice

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

$800

$1,000

$1,200

$1,500

Multiple Choice

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

$150

$192

$1350

$1392

Financial Literacy

S. Foots

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