Grade 9 Money Math Worksheet
A worksheet for Grade 9 students covering essential money math concepts including simple interest, compound interest, budgeting, and financial literacy.
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Grade 9 Money Math
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Date:
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Read each question carefully and answer to the best of your ability. Show all your work where applicable.
1. What is the simple interest earned on a principal of $500 at an annual interest rate of 3% for 2 years?
$15
$30
$45
$60
2. When interest is calculated on the initial principal and also on the accumulated interest from previous periods, it is called interest.
3. The original amount of money invested or borrowed is known as the .
4. List three benefits of creating and sticking to a personal budget.
5. A credit score is a number that represents the likelihood you will repay your debts.
True
False
Match each term on the left with its definition on the right.
6. Income
a. Money spent on goods and services
7. Expense
b. Money received, especially on a regular basis, for work or through investments
8. Savings
c. Money set aside for future use