# Repaying Credit Cards and Loans

## Quiz by Vicky Ruiz

Grade 8

Mathematics

Texas Essential Knowledge and Skills (TEKS)

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5 questions

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- Q1Use an online calculator to find the cost of a $500 loan for 12 months at 18% interest per year.$45.84$50.08$550.08$8.5030s8.12.A: Personal Financial Literacy
- Q2Use an online calculator to find the cost of a $500 loan for 12 months at 8% interest per year.$21.93$521.93$50.08$43.4930s8.12.A: Personal Financial Literacy
- Q3Use an online calculator to find the cost of a $3000 loan at 12% interest per year for 6 months$105.87$58.65$105.87$517.6530s8.12.A: Personal Financial Literacy
- Q4Use an online calculator to find the cost of a $3000 loan at 12% interest per year for 5 years?$66.73$90.60$1,004.00$4,004.0030s8.12.A: Personal Financial Literacy
- Q5How much does it cost to borrow money?Depends on how much interest you payTwice as much as you borrowDepend on how much interest you pay and how long it takes to pay off your loanNothing30s8.12.A: Personal Financial Literacy