Browse all quizzes
MathematicsGrade 7en

💰 Financial Literacy

Master essential financial concepts for making smart money decisions. This quiz covers the cost of borrowing using simple interest, currency conversion and exchange rates, comparing financial options, and making informed spending choices. You'll learn how percentages and proportions apply to real-world financial scenarios. **What you'll learn:** - Calculate simple interest and understand the true cost of borrowing - Convert currencies and work with exchange rates - Compare financial options using percentages and proportions - Apply mathematical reasoning to make informed spending decisions

16 questions · play in your browser
No signup required — try it for free.

Questions in this quiz

Answers hidden — play to find out.

  1. Question 1

    Sarah borrows $500 from her bank at a simple interest rate of 6% per year. How much interest will she owe after 2 years?

  2. Question 2

    In simple interest, the interest amount stays the same each year because it is always calculated on the original principal amount.

  3. Question 3

    Marco is traveling to Japan and needs to exchange Canadian dollars for yen. If the exchange rate is 1 CAD = 90 JPY, how many yen will he receive for 50 Canadian dollars?

  4. Question 4

    Jade wants to buy a laptop that costs $1200. A store offers a 15% discount. What is the final price she pays?

  5. Question 5

    Which of the following is the principal amount in a loan?

  6. Question 6

    An exchange rate of 1 CAD = 1.35 USD means that one Canadian dollar is worth less than one US dollar.

  7. Question 7

    Two students are comparing phone plans. Plan A costs 40permonth,andPlanBcosts40 per month, and Plan B costs 35 per month. What is the percentage difference between the two plans, rounded to the nearest whole percent?

  8. Question 8

    If the annual interest rate on a savings account is 2%, and the principal is $2000, how much total money will be in the account after 3 years using simple interest?

  9. Question 9

    Ethan is comparing two job offers. Job A pays 18perhour,andJobBpays18 per hour, and Job B pays 22 per hour. If he works 20 hours per week, what is his extra weekly earnings from Job B?

  10. Question 10

    If you borrow 1000at51000 at 5% simple interest for 1 year, you will owe 1050 in total (principal plus interest) at the end of the year.

  11. Question 11

    A video game is on sale for 25% off its original price of 80.Asecondstorehasthesamegamemarkeddownby80. A second store has the same game marked down by 20. Which store has the better deal?

  12. Question 12

    Priya needs to choose between two savings accounts. Account X offers 3% annual simple interest, and Account Y offers 2% annual simple interest. If she deposits $500 in each account for 4 years, how much MORE interest will she earn from Account X?

  13. Question 13

    A store advertises that all items are 'buy one, get one 50% off.' If a shirt costs $30, what is the total cost to buy two shirts?

  14. Question 14

    When you use a credit card to borrow money, you typically pay a higher interest rate than when you borrow from a bank.

  15. Question 15

    A smartphone costs 800 CAD in Canada. In the United States, the same phone costs 600 USD. If the exchange rate is 1 CAD = 0.76 USD, what is the approximate price difference in Canadian dollars?

  16. Question 16

    A student has $150 to spend on school supplies. They spend 40% on books, 35% on a backpack, and the rest on stationery. How much do they spend on stationery?