Refer to our Texas Go Math Grade 8 Answer Key Pdf to score good marks in the exams. Test yourself by practicing the problems from Texas Go Math Grade 8 Module 16 Quiz Answer Key.

16.1 Repaying Loans

Dustin is taking out a loan for $2000 and wants to know how much money he will save by taking a 2-year loan at 14% interest instead of 20% interest. (Use an online calculator.) Question 1. What is the total repayment for the 20% loan?. Answer: Question 2. What is the total repayment for the 14% loan?. Answer: Question 3. How much can Dustin save? Answer: 16.2 Saving and Investing Question 4. Cecilia has$800 in an account earning 4.5% simple interest. How much more interest would her account earn in 7 years with annually compounded interest?

16.3 Analyzing Financial Situations

Question 5.
Byron has $250 in his savings account. He starts a new job next week and spends$300 on tickets to a sporting event to celebrate. Is his decision financially responsible or financially irresponsible? Explain.

16.4 Estimating College Costs and Payments

Question 6.
At the beginning of each of the last two years, Alfonso put $4200 from his earnings as a part-time pizza delivery driver into a college savings account earning 2.4% interest compounded annually. Complete the table to determine how much money Alfonso has saved. Answer: Texas Go Math Grade 8 Module 16 Mixed Review Texas Test Prep Answer Key Selected Response Question 1. Which interest rate and time period result in the lowest total loan repayment for a$4000 loan earning simple interest?
(A) 3 years at 11%
(B) 3 years at 13%
(C) 4 years at 8%
(D) 4 years at 11%

Question 2.
Which equation represents a non proportional relationship?
(A) y = -5x
(B) y = 5x + 0
(C) y = $$\frac{1}{5}$$x
(D) y = 5x – 5

Question 3.
Jemarcus starts with $1200 in a college savings account. His account earns interest at a rate of 1.8% compounded annually. How much money is in the account after 6 years? (A)$1221.60
(B) $1265.97 (C)$1329.60
(D) $1335.57 Answer: Question 4. Which equation relates x and y for the set of ordered pairs (4, 1), (8, 2), (12, 3)? (A) y = $$\frac{1}{4}$$x (B) y = 4x (C) y = x – 3 (D) y = x – 9 Answer: Question 5. Danielle received a gift card to a clothing store and uses it to buy a pair of jeans. Which payment method did she use? (A) cash (B) credit card (C) debit card (D) stored-value card Answer: Question 6. Ashley is considering attending the state university to obtain a 4-year bachelor’s degree. For one year, the tuition and fees are$9890, room and board are $8250, and books are$680. What will be the total of these costs over the 4 years of obtaining the degree?
(A) $18,140 (B)$18,820
(C) $37,640 (D)$75,280

Question 7.
Triangle ABC, with vertices A(2, 3), 8(4, -5), arid C(6, 8), is reflected across the x-axis to form triangle A’B’C’. What are the coordinates of triangle A’B’C’?
(A) A'(2, -3), B'(4, 5), C'(6, -8)
(B) A'(-2, 3), B'(-4, -5), C'(-6, 8)
(C) A'(-2, -3), B'(-4, 5), C'(-6, -8)
(D) A'(2, -3), B'(4, -11), C'(6, 2)