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.
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?
Mr. Cole buys a $200 tent on a pretend pay-later plan: 4 payments of $52. One payment is late, adding a $12 fee. How much more than $200 does Milo find was paid?
A pretend shop sells a $700 couch: 2% off for cash, or a 3% fee for a card. How much more does Pia find Mr. Grove pays by card than with cash?
A pretend shop sells a $900 bed: 2% off for cash, or a 5% fee for a card. How much more does Ren find Ms. Shaw 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
- Pay $50 now and carry $250
- Both cost the same
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 today
- Both cost the same
- Pay next week
Bo reads Ms. Hale's pretend card bill: $600 is due. Ms. Hale can pay it all now, or pay $100 a month and carry the rest at 1.5% compound interest a month. Which costs less?
- Both cost the same
- Pay all $600 now
- Pay $100 a month