Grade 8 Math · Money and Finances

Compare interest rates, annual fees, and rewards and other incentives offered by various credit card companies and consumer contracts to determine the best value and the best choice for different scenarios

30 tutor-authored questions for this Ontario curriculum expectation, ordered easiest to hardest, every one with a full worked solution. Work through all 30 with your weekly-lesson access code.

Start the 30 questions Curriculum: G8-F1.6

Sample: the first question, solved

Compare Card A (no annual fee, 18% interest) to Card B ($95 fee, 14% interest), for someone who always pays their balance in full. Which is better?

📘 Worked solution

✓Card A - since interest doesn't matter if the balance is always paid in full, the only cost difference is the annual fee, which Card A lacks.

And one from the hard end

Compare 3 cards for someone carrying a $1200 balance all year with $10000/year in spending: Card A (no fee, 19% interest, 1% cash back), Card B ($75 fee, 13% interest, 2% cash back), Card C ($150 fee, 9% interest, 3.5% cash back). Card C is the only one whose cash back exceeds its interest plus fee - find the size of that net annual gain.

Solution shown after you try it in practice mode.

Work through all 30, easiest to hardest

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