Ways to pay, and the costs and benefits of a choice
Grade 8 Math Worksheet
Circle the best answer, or write your answer on the line.
Mr. Grove buys a $600 couch on a pretend credit card and pays late. The card adds 2% compound interest for the month and a $25 late fee. What does Ari find is owed?
Ms. Shaw buys a $350 guitar on a pretend credit card and pays late. The card adds 2% compound interest for the month and a $30 late fee. What does Bo find is owed?
Mr. Lane buys an $800 bed on a pretend credit card and pays late. The card adds 1.5% compound interest for the month and a $35 late fee. What does Esme find is owed?
Ms. Reyes buys a $250 printer on a pretend credit card and pays late. The card adds 2% compound interest for the month and a $20 late fee. What does Jun find is owed?
Mr. Dunn buys a $480 TV on a pretend pay-later plan: 4 payments of $125. One payment is late, adding a $15 fee. How much more than $480 does Kira find was paid?
Ms. Hale buys a $300 bike on a pretend pay-later plan: 6 payments of $52. One payment is late, adding a $10 fee. How much more than $300 does Luz find was paid?
Ms. Frost buys a $1,200 piano on a pretend pay-later plan: 12 payments of $104. One payment is late, adding a $25 fee. How much more than $1,200 does Noah find was paid?
A pretend shop sells a $400 guitar: 3% off for cash, or a 5% fee for a card. How much more does Tala find Mr. Lane pays by card than with cash?
Zee reads Ms. Reyes's pretend card bill: $300 is due. Ms. Reyes can pay all $300 now, or pay $50 now and carry $250 for a month at 2% compound interest. Which costs less?
- Pay all $300 now
- Both cost the same
- Pay $50 now and carry $250
Ari reads Mr. Dunn's pretend phone bill: $80 is due today. Paying today costs $80; paying next week adds a $15 late fee. Which choice costs less?
- Pay next week
- Both cost the same
- Pay today