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Adult Literacy in America - National Center for Education Statistics ...

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100 ......Section III<br />

Quantitative Level 5 Scale range: 376 to 500<br />

These tasks require readers to per<strong>for</strong>m multiple operations<br />

sequentially. They must disembed the features of the problem from<br />

text or rely on background knowledge to determ<strong>in</strong>e the quantities or<br />

operations needed.<br />

Average difficulty value of tasks <strong>in</strong> this level: 411<br />

Percentage of adults per<strong>for</strong>m<strong>in</strong>g <strong>in</strong> this level: 4%<br />

One of the most difficult tasks on the quantitative scale (433) requires<br />

readers to look at an advertisement <strong>for</strong> a home equity loan and then, us<strong>in</strong>g the<br />

<strong>in</strong><strong>for</strong>mation given, expla<strong>in</strong> how they would calculate the total amount of<br />

<strong>in</strong>terest charges associated with the loan.<br />

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You need to borrow $10,000. F<strong>in</strong>d the ad <strong>for</strong> Home<br />

Equity Loans on page 2 <strong>in</strong> the newspaper provided.<br />

Expla<strong>in</strong> to the <strong>in</strong>terviewer how you would compute<br />

the total amount of <strong>in</strong>terest charges you would pay<br />

under this loan plan. Please tell the <strong>in</strong>terviewer<br />

when you are ready to beg<strong>in</strong>.<br />

FIXED RATE • FIXED TERM<br />

[<strong>in</strong>sert quantitative task 5 here<br />

SAMPLE MONTHLY Home Equity REPAYMENT Loans AD] SCHEDULE<br />

Amount F<strong>in</strong>anced Monthly Payment<br />

$10,000 $156.77<br />

$25,000 $391.93<br />

$40,000 $627.09<br />

120 Months 14.25% APR<br />

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14.25%<br />

Reduced from orig<strong>in</strong>al copy.

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