December 19, 2022

 Music lesson and the file you will need for Monday. Make a copy in your drive

https://drive.google.com/file/d/17zH5ygDaoH90Mdpve1AI1kNSOakb6Xwm/view?usp=sharing

Formal letter to be submitted by Wednesday December 21, 2022, 11:59pm

Format 10, Content 6, Grammar 4: Total will be marked out of 20

You are applying to the Kwok School for the Elite Geniuses

Financial Literacy Preparation1)    I have $2500 in my account and it earns 2.75% of interest per year

-       How much interest will I earn by the end of the year ($68.75)

-       What is the total? ($2568.75)

 

2)    In February 2023, Kwok will buy a Starbucks everyday. If the first ten TAPS are free, and he has to pay $0.75 for each additional TAP, how much will he pay? ($13.50)

 

3)    Name three advantages of having a credit card

 

Name three disadvantages of having a credit card

 

4)    Name three differences between credit and debit cards

 

5)    Find three perks (offers) from the Bank of Montreal student cheqing account

 

6)    Find the 1 year GIC rate (not cashable) from TD bank. Calculate how much interest you will earn if $1234.56 is invested there  Rate: 4.65%, Interest: $57.40

  Why is it a bad idea to borrow money from Money Mart? Give two reasons

 

7)    Mr. Champsi will go and see Mickey next week. He plans to exchange Can$3456.78 into US dollar. If it costs Can $140.75 to get $US$100, how much US dollar will he get after the exchange (use cross multiplication to find the answer, US$2455.97)

 

8)    www.xe.com

Mr. Kwok wants to exchange 150 Euro into Thai Baht. How much Baht will he get? (about 5543 Baht)

 

9)    Find the tuition for Seneca College if you want to become an ECE (Early Childhood Educator) as a domestic and international student7)    Why is it a bad idea to borrow money from Money Mart? Give two reasons

https://www.senecacollege.ca/programs/fulltime/ECE/costs.html