Money and Financial Literacy — Answer Key
Part A: Multiple Choice
Circle the best answer for each question.
1. Sam earns $6/week. After 8 weeks, how much has he saved?
A) $48
B) $56
C) $36
D) $42
Six dollars times eight weeks equals forty-eight dollars saved overall.
2. Which is the better deal: 4 apples for $2 or 10 apples for $4?
A) 4 for $2
B) 10 for $4
C) Both same
D) Need more info
Ten apples for four dollars is forty cents each, beating fifty cents per apple.
3. Job X pays $20/week. Job Y pays $5/hour for 8 hours. Which earns more?
A) Job X
B) Same
C) Job Y
D) Cannot tell
Job Y pays forty dollars weekly while Job X pays only twenty dollars.
4. A bike costs $90. Lia saves $15/week. How many weeks to buy it?
A) 8
B) 5
C) 7
D) 6
Ninety dollars divided by fifteen equals six weeks of saving needed.
Part B: Fill in the Blank
Write the correct answer on each line.
1. Saving $7/week for 5 weeks plus $3/week for 5 weeks totals $50.
Thirty-five dollars plus fifteen dollars equals fifty dollars total saved.
2. Working 6 hours at $5/hour earns $30.
Six hours times five dollars equals thirty dollars total earned today.
3. A $40 game is 25% off, saving $10.
Twenty-five percent of forty dollars equals ten dollars off the price.
4. If a scooter costs $100 and Lia saved $65, she still needs $35.
One hundred dollars minus sixty-five dollars equals thirty-five dollars remaining.
5. Saving $6/week for 9 weeks gives $54.
Six dollars times nine weeks equals fifty-four dollars in total savings.