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NAME DATE PERIOD 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 7. 668 5 2 years 10. 500 12 18 months 8. 720 4. 25 3 months 11. 300 9 3 years 9. 2 500 6. 9 6 months 12. 2 000 20 1 year 13. ELECTRONICS Rita charged 126 for a DVD player at an interest rate of 15. 9. How much will Rita have to pay after 2 months if she makes no payments 14. VACATION The average cost for a vacation is 1 050. If a family borrows money for the vacation at an interest rate of 11. 9 for 6 months what is the total cost of the vacation including the interest on the loan 15. INVESTMENTS Serena has 2 500 to invest in a CD certificate of deposit. a* If Serena invests the 2 500 in the CD that yields 4 interest what will the CD be worth after 2 years b. Serena would like to have 3 000 altogether. If the interest rate....

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How to fill out the Lesson 8 Homework Practice Financial Literacy Answer Key online

Filling out the Lesson 8 Homework Practice Financial Literacy Answer Key can be a straightforward process when approached step-by-step. This guide will provide you with clear instructions to complete each section of the form effectively.

Follow the steps to successfully complete your financial literacy homework.

  1. Click ‘Get Form’ button to access the form and open it in the editor.
  2. Start by entering your name in the designated NAME field. Ensure that your name is clearly written to identify your submission.
  3. Fill in the DATE field with the current date of completion, formatted as month, day, and year.
  4. Enter your PERIOD in the provided space, indicating the specific class period for which you are completing the homework.
  5. Proceed to calculate the simple interest earned for each principal amount listed. Use a calculator, if necessary, to work out the interest for each scenario provided, rounding to the nearest cent.
  6. Next, find the simple interest paid for the specified loans. Again, round your answers to the nearest cent and ensure accuracy.
  7. For the electronics section, calculate the total payment Rita will need to make after 2 months, considering the interest charged.
  8. In the vacation calculation, determine the total cost including interest based on the provided figures.
  9. For the investment section, solve each part regarding Serena's investment, ensuring you show all workings if required.
  10. Once all fields are completed, review the answers for accuracy. Make any necessary changes.
  11. Finally, save your changes, and choose to download, print, or share the completed form as needed.

Complete your Lesson 8 Homework Practice Financial Literacy Answer Key online today!

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