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Repaying Credit Cards and Loans

Quiz by Vicky Ruiz

Grade 8
Mathematics
Texas Essential Knowledge and Skills (TEKS)

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5 questions
Show answers
  • Q1
    Use 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
    $8.50
    30s
    8.12.A: Personal Financial Literacy
  • Q2
    Use 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
    $43.49
    30s
    8.12.A: Personal Financial Literacy
  • Q3
    Use 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
    $517.65
    30s
    8.12.A: Personal Financial Literacy
  • Q4
    Use 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
    $4,004.00
    30s
    8.12.A: Personal Financial Literacy
  • Q5
    How much does it cost to borrow money?
    Depends on how much interest you pay
    Twice as much as you borrow
    Depend on how much interest you pay and how long it takes to pay off your loan
    Nothing
    30s
    8.12.A: Personal Financial Literacy

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