Math Practice 101
Homework Explained - Math Practice 101

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Grade 7 McGraw Hill Glencoe - Answer Keys
Chapter 2: Percents; Lesson 8: Financial Literacy: Simple Interest


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  • Question 23 (request help)

    Amy invests $3,000 in a savings account that pays 2.35% simple annual interest She makes no other deposits or withdrawals for 3.5 years. Determine If each statement is true or false.
    a. Amy's account will earn $246.75 in interest.
    • True
    • False
  • Question 23 (request help)

    b. Amy's account will be worth $2,753.25 after 3.5 years.
    • True
    • False
  • Question 23 (request help)

    c. Amy's account would earn $15.75 more in interest if the annual interest rate were raised to 2.5%.
    • True
    • False
  • Question 24 (request help)

    Mr. Chen needs to borrow $12,000 to buy a car. The table shows the terms of 3 different loan options.

    Select the correct amounts for the interest paid and the monthly payments to complete the table.

    Which loan option would you recommend for Mr. Chen? Explain your reasoning.
  • Interest Paid ($) Loan Option Monthly Payment ($)
    A
    B
    C

Label the number line below from 0 to 10. Then graph each number.

  • Question 29 (request help)

    Johnna walks 5.4 blocks to school. Belinda walks 5.6 blocks to school. Assume the blocks are the same length. Who walks a longer distance to school? Justify your reasoning.
  •    
  • Question 30 (request help)

    Use the Commutative and Associative Properties of Addition to mentally find (11 + 64) + 9. Then justify each step.
  • \((11 + 64) + 9 = \)   

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