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- Grade 7 McGraw Hill Glencoe - Answer Keys
Explanation:
$250, 2.85%, 3 years
$3,000, 5.5%, 9 months
Find the simple interest paid to the nearest cent for each loan amount, interest rate, and time.
$1,000, 7%, 2 years
$725, 6.25%, 1 year
$2,700, 8.2%, 3 months
$175.80, 12%, 8 months
Jake received a student loan for $12,000. He plans on paying off the loan in 5 years. At the end of 5 years, Jake will have paid $3,600 in interest. What is the simple interest rate on the student loan?
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The answer key will guide you through the necessary calculations and provide explanations for the correct answers. Lesson 8 Skills Practice Financial Literacy Answer Key. Below is the answer key for the Lesson 8 Skills Practice Financial Literacy: Question 1: The amount of money you borrow from a lender is called the principal.
Lesson 8 Homework Practice Financial Literacy Find the simple interest earned to the nearest cent for each principal, interest rate, and time. 1. $750, 7%, 3 years 2. $1,200, 3.5%, 2 years 3. $450, 5%, 4 months 4. $1,000, 2%, 9 months 5. $530, 6%, 1 year 6. $600, 8%, 1 month Find the simple interest paid to the nearest cent for each loan, ...
Welcome to the Personal Financial Literacy Teacher and Student Resource Materials page! Economic Reasoning new! Economic Reasoning PowerPoint new! Economic Reasoning new! 1.1: Jobs vs Careers new! 1.2: Paying for a Post-Secondary Education new! 1.3: Income and Taxes new! 1.4: Goal Setting new! 1.5: Managing Your Income new!
Lesson 8 Homework Practice Financial Literacy Find the simple interest earned to the nearest cent for each principal, interest rate, and time. 1. ... $530, 6%, 1 year 6. $600, 8%, 1 month Find the simple interest paid to the nearest cent for each loan, interest rate, and time. 7. $668, 5%, 2 years 8. $720, 4.25%, 3 months 9.
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3. One who enjoys the benefits of a good or service without paying for it. Calculating Taxes Activity 2.1. Julia would be taxed 10 percent on the first $7,825, 15 percent on the next $24,025, 25 percent on the next $45,250, and 28 percent on the last $2,900 for a total of $16,510.75 in federal taxes.
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