Blank Quiz

 
whilmafernando@gmail.com (not shared) Switch accounts
 
*Required

1.The simple interest formula is I=Prt. What does the t represent? *

A) Principal
B) Time
C) Rate
D) Interest

2. Starting money = $P350.Interest rate = 2.5%TIme = 3 years. How much interest

do you pay? *
A)7.50
B) 265.50
C) 26.25
D) 87.50

3.The simple interest formula is I=Prt.The P represents the principal.The principal

means ___________________. *
A)the amount of money borrowed or deposited
B) the percent interest for his year
C)the amount the bank owes you for being a customer at their bank
D) Mrs. Mary Finela M. Bayan

4.Mrs. Kenny went to the mall and saw a Wonder Woman statue for $6500 that she
wanted to purchase. The bank said that she could get a simple interest rate of 8%
for 5 years. What is the total amount that she will pay for the statue? *
A) $2600
B)$910
C)$9100
D)$260

5. AJ borrowed $4,000 for 5 years at 6% simple interest rate. How much interest
did he pay? *
A)$800
B)$1,000
C)$1,200
D)$1,500

6.Find the total amount of interest to the nearest cent if the interest is compounded
annually. $2750 at 8% for 2 years *
A) $220.50
B)$457.60
C) $660.60
D)237.60

7.Phyllis went to the mall and saw a massage chair that she would have to take a
loan out for $6500 to purchase. The bank said that she could get a simple interest
rate of 5% for 5 years. What is the total amount that Phyllis will pay for the chair? *
A)$2600
B)$8125
C)$9100
D)$2650

8.Find the principal for a loan that has an earned interest of $3500 with an annual
rate of 10% for 5 years. *
A)$7,000
B)$5,000
C)$6,500
D)$3750

9.Robert invested $200 in a retirement account that had a rate of 20% that
compounds annually. If Robert leaves his money in for 3 years, how much money
will be in his account rounded to the nearest cent? *
A)$240.50
B)$300.60
C)$288.00
D)$345.60

10. Mickey earned $475 from mowing lawns last summer. He deposited this money
in an account that pays an interest rate of 3.8% compounded annually. What will be
his balance after 4 years rounded to the nearest cent? *
A)$827.52
B)$551.42
C)$539.45
D)$646.80

11. Emily's parents put $1,500 in her bank account for college tuition. At an interest
rate of 8.25% compounded annually, what will be the total balance after 2 years? *
A)$3,273.50
B)$2,385.72
C)$1,314.08
D)$1,757.71

12. If the balance at the end of eight years on an investment of $630 that has been
invested at a rate of 9%, how much was the interest? *
A)$453.60
B)$633.55
C)$523.75
D)$357.50

13. If the interest earned was $55.20 on an investment of $230 that has a rate of
3%, how long was the money invested? *
A)4 years
B)5 years
C)8 years
D)6 years

14. The Henley's took out a loan for $195,000 to purchase a home. At a 4.3%
interest rate compounded annually, how much will the loan be after 5 years? *
A)$45,689
B)$240,689
C)$195,000
D)$41,925

15. Kennedy won $3,000 from a radio contest. If she puts this money in a bank
account that earns 2.9% interest compounded annually, how much total interest will
she earn in 10 years?
A)$490.50
B)$900.75
C)$350.25
D)$992.78

16. Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest
compounded annually, how much total interest will Riley earn in 15 years? *
A)$1,663.90
B)$2,663.00
C)$663.90
D)$1,000.90

17. Andrew borrows $79,500 for 2 years and earns $10,017 of simple interest.
Calculate the interest rate? *
A)7%
B)6.3%
C)6%
D)5.3%

18. John wants to open a showroom and borrows $48,000 on 12% interest rate. He
plans to pay this after 4 years. What will that total principal + interest payment
be? *
A)$67,500
B)$70,600
C)$72,050
D)Correct 237.60
19. Bruno was given $2000 when he turned 3 years old. His parents invested it at a
2% interest rate compounded annually. No deposits or withdrawals were made.
Which expression can be used to determine how much money Bruno had in the
account when he turned 16? *
A)2000(1+0.02)13
B)2000(1+0.02)16
C)2000(1-0.02)13
D)2000(1-0.02)16

20. Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270
in interest. For what time period did Leroy borrow the money? *
A)8 years
B)5 years
C)18 months
D)18 years

Option 1

Submit

Clear form
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

 Forms