Worksheet

Two-year and four-year costs, and a saving plan

Grade 8 Math Worksheet

NameDate

Circle the best answer, or write your answer on the line.

  1. The Hollis family's pretend college costs $16,000 for year 1, and the cost rises 5% from the year before, every year. What does Ari find for year 3?

  2. The Singh family's pretend college costs $10,000 for year 1, and the cost rises 10% from the year before, every year. What does Jun find for year 3?

  3. Kira reads the Quill family's pretend plan: year 1 costs $14,000, year 2 costs $14,800. A grant pays $3,500 each year; the family pays $6,000 in all. How much is left to borrow?

  4. Luz reads the Vance family's pretend plan: year 1 costs $22,000, year 2 costs $23,100. A grant pays $5,000 each year; the family pays $8,000 in all. How much is left to borrow?

  5. Milo reads the Cho family's pretend plan: year 1 costs $10,500, year 2 costs $10,900. A grant pays $2,000 each year; the family pays $5,000 in all. How much is left to borrow?

  6. Noah reads the Sato family's pretend plan: year 1 costs $18,200, year 2 costs $19,000. A grant pays $4,200 each year; the family pays $7,500 in all. How much is left to borrow?

  7. Pia compares ways to repay the Ward family's pretend loan of $10,000 at 4% simple interest a year: 3 years or 5 years. How much more interest does the longer plan cost?

  8. Ren compares ways to repay the Fischer family's pretend loan of $12,000 at 5% simple interest a year: 2 years or 6 years. How much more interest does the longer plan cost?

  9. Tala compares ways to repay the Imai family's pretend loan of $8,000 at 6% simple interest a year: 4 years or 10 years. How much more interest does the longer plan cost?

  10. Zee compares ways to repay the Yu family's pretend loan of $15,000 at 3% simple interest a year: 5 years or 8 years. How much more interest does the longer plan cost?

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Two-year and four-year costs, and a saving plan

Answer Key - Grade 8 Math Worksheet

Circle the best answer, or write your answer on the line.

  1. The Hollis family's pretend college costs $16,000 for year 1, and the cost rises 5% from the year before, every year. What does Ari find for year 3?

    $17,640

  2. The Singh family's pretend college costs $10,000 for year 1, and the cost rises 10% from the year before, every year. What does Jun find for year 3?

    $12,100

  3. Kira reads the Quill family's pretend plan: year 1 costs $14,000, year 2 costs $14,800. A grant pays $3,500 each year; the family pays $6,000 in all. How much is left to borrow?

    $15,800

  4. Luz reads the Vance family's pretend plan: year 1 costs $22,000, year 2 costs $23,100. A grant pays $5,000 each year; the family pays $8,000 in all. How much is left to borrow?

    $27,100

  5. Milo reads the Cho family's pretend plan: year 1 costs $10,500, year 2 costs $10,900. A grant pays $2,000 each year; the family pays $5,000 in all. How much is left to borrow?

    $12,400

  6. Noah reads the Sato family's pretend plan: year 1 costs $18,200, year 2 costs $19,000. A grant pays $4,200 each year; the family pays $7,500 in all. How much is left to borrow?

    $21,300

  7. Pia compares ways to repay the Ward family's pretend loan of $10,000 at 4% simple interest a year: 3 years or 5 years. How much more interest does the longer plan cost?

    $800

  8. Ren compares ways to repay the Fischer family's pretend loan of $12,000 at 5% simple interest a year: 2 years or 6 years. How much more interest does the longer plan cost?

    $2,400

  9. Tala compares ways to repay the Imai family's pretend loan of $8,000 at 6% simple interest a year: 4 years or 10 years. How much more interest does the longer plan cost?

    $2,880

  10. Zee compares ways to repay the Yu family's pretend loan of $15,000 at 3% simple interest a year: 5 years or 8 years. How much more interest does the longer plan cost?

    $1,350