Calculate gross and net income from wages, salaries, commissions, bonuses, and fixed or percentage deductions, and create personal budgets by organizing income, fixed and variable expenses, savings, and discretionary spending across weekly, monthly, or annual periods. Calculate and interpret single percent increases and decreases, simple interest using , and compound interest using for whole-number periods, distinguishing simple from exponential growth and excluding successive changes, fractional periods, and advanced tax or investment models. Compare borrowing, saving, purchasing, and basic investment options by evaluating rates, fees, compounding periods, payment schedules, total costs, net gains, cost per unit, and effective rates using proportional reasoning, tables, graphs, and formulas.
On this page:
- Master skills like “Calculate simple interest”, “Calculate gross and net income”, and “Calculate percent increase and percent decrease” with unlimited, free practice problems
- Download (or modify) free worksheets on Financial Literacy you can use at home or in class with practice problems across all skills in this group including “Calculate compound interest over whole-number periods”, “Compare borrowing options using interest rates and fees”, “Evaluate financial decisions using mathematical reasoning”.
- Start working on adaptive units like “Percents and Simple Interest - Intro” or “Percents and Simple Interest - Practice” that include these skills and will introduce and scaffold the skills carefully for maximum learning.
Financial Literacy: Individual Skills
Master 6 individual skills with free practice problems. Mouseover to see the skill's practice problems. Create a free account to track your progress.
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Practice 'Calculate compound interest over whole-number periods'
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Download/Modify Free Grade 10 'Financial Literacy' Worksheet
Print this free 'Financial Literacy' worksheet to practice these skills away from the computer. Click 'Modify' to easily customize this worksheet to your exact needs.
This Worksheet Includes:
- Calculate compound interest over whole-number periods
- Calculate gross and net income
- Calculate percent increase and percent decrease
- Calculate simple interest
- Compare borrowing options using interest rates and fees
- Evaluate financial decisions using mathematical reasoning
Units Teaching These Skills
These adaptive units introduce, teach, or reinforce skills in this group (Financial Literacy) through scaffolded problems that grow in difficulty as concepts are understood.