PencilGo

Grade 8 · Math

8th grade Two-year and four-year costs, and a saving plan worksheet

6 printable versionsChallenge Me10 questions · answer keyFree · no account

Level: Building Confidence · On Level · Challenge Me

When it’s done, scan the sheet with your phone and PencilGo marks it and picks the next one. Create a free account

Version
Print

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

Grade 8 Math Worksheet - Challenge Me

NameDate

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

  1. Ari reads a pretend plan: year 1 costs $21,000; each later year costs $800 more. Each year the Hollis family pays $5,000 and a scholarship pays $6,000. What is left to borrow over 4 years?

  2. Esme reads a pretend plan: year 1 costs $26,000; each later year costs $1,000 more. Each year the Durand family pays $7,000 and a scholarship pays $9,000. What is left to borrow over 4 years?

  3. Jun reads a pretend plan: year 1 costs $15,200; each later year costs $400 more. Each year the Singh family pays $4,000 and a scholarship pays $3,200. What is left to borrow over 4 years?

  4. Kira reads the Quill family's pretend loan: $12,000 at 5% simple interest a year, repaid in equal monthly payments over 5 years. What is each monthly payment?

  5. Milo reads the Cho family's pretend loan: $18,000 at 6% simple interest a year, repaid in equal monthly payments over 10 years. What is each monthly payment?

  6. Noah reads the Sato family's pretend loan: $12,000 at 3% simple interest a year, repaid in equal monthly payments over 10 years. What is each monthly payment?

  7. Read this first

    Pretend yearly costs for the Ward family

    YearPlan APlan B
    1$11,000$20,000
    2$11,400$20,800
    3$21,000$21,600
    4$21,800$22,400

  8. Plan A is two years at a two-year college, then two at a four-year one; Plan B is four years at the four-year one. How much does Pia find Plan A saves in all?

  9. Pretend yearly costs for the Fischer family

    YearPlan APlan B
    1$9,800$18,000
    2$10,200$18,600
    3$19,000$19,200
    4$19,500$19,800

  10. Plan A is two years at a two-year college, then two at a four-year one; Plan B is four years at the four-year one. How much does Ren find Plan A saves in all?

  11. Pretend yearly costs for the Imai family

    YearPlan APlan B
    1$12,500$21,000
    2$12,900$21,700
    3$22,000$22,400
    4$22,600$23,100

  12. Plan A is two years at a two-year college, then two at a four-year one; Plan B is four years at the four-year one. How much does Tala find Plan A saves in all?

  13. Pretend yearly costs for the Yu family

    YearPlan APlan B
    1$8,000$15,000
    2$8,300$15,500
    3$16,000$16,000
    4$16,500$16,800

  14. Plan A is two years at a two-year college, then two at a four-year one; Plan B is four years at the four-year one. How much does Zee find Plan A saves in all?

PencilGopencilgo.com

8th grade Two-year and four-year costs, and a saving plan worksheet – printable
Print: 123456

About this worksheet

Two-year and four-year costs, and a saving plan. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

  • I can add up costs that rise each year, by a dollar amount or by a percent.
  • I can take off a grant, a percent scholarship and the family's share, and say what is left to save or borrow.
  • I can work out a loan's total and monthly payment with simple interest, and compare two plans year by year.

Standard: state-only

Words to know

tuition: What the college charges for classes.

grant / scholarship: Money given toward college that is not paid back.

family contribution: The part of the cost the family plans to pay.

simple interest: Interest earned only on the amount borrowed, the same each year.

rise: How much a price goes up from one year to the next.

Common mistakes

Your child used the first year's price for every year. When a price rises each year, each year has its own cost to add up.

Your child added a rise to year 1 as well. Year 1 is the starting price; the first rise happens in year 2.

Your child used year 4's price for every year. The price is lower in the early years, so the total is smaller.

Questions parents ask

What is the most common mistake with two-year and four-year costs, and a saving plan?

Your child used the first year's price for every year. When a price rises each year, each year has its own cost to add up.

Are these 8th grade math worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

More grade 8 math

See all grade 8 math

Every sheet you scan goes into your child’s record: dated, marked and ready for the year-end portfolio. Homeschool records

Ready for easier practice?

Print a sheet, scan it when it’s done, and PencilGo picks the next one.

Create a free account