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- 1. Multiple Choice
Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest? (Remember: Principal * Rate * Time)
$7.50
$26.25
$87.5
$262.50
- 2. Multiple Choice
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
$150
$192
$1350
$1392
- 3. Multiple ChoiceAnn puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?481216
- 4. Multiple Choice
The rate is given as a percent (%). Before using it in the simple interest formula, you may first want to convert the percent to a______.
fraction
decimal
negative number
dollar amount
- 5. Multiple Choice
The simple interest formula is I=Prt. The P represents the principal. The principal is ___________________.
the amount of money borrowed or deposited to begin with
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
- 6. Multiple Choice
Write the decimal as a percent.
0.37
37%
3.7%
.37%
- 7. Multiple Choice
How much TIP should you leave if you want to tip 23% at Applebee's on a $27.31 bill?
$6.28
$33.59
$21.03
- 8. Multiple Choice
This graph represents a diversified portfolio.
True
False
- 9. Multiple Choice
The possibility of losing some or all of a particular investment.
risk
index
industry
profit
- 10. Multiple Choice
A company that does NOT issue stock to the public, but is instead owned by families or a small number of investors.
public company
industry
private company
portfolio
- 11. Multiple Choice
Vocabulary -
This word means, "Shares of ownership in a company."
stocks
portfolios
volume
industry
- 12. Multiple Choice
Vocabulary -
"A company that sells stock in the stock market"
private company
market capitalization
public company
stock market
- 13. Multiple Choice
Another term for "Equity" is...
net worth
dividend
profit
invest
- 14. Multiple Choice
When stocks are sold for a price LOWER than the original purchase price.
loss
profit
volume
risk
- 15. Multiple ChoiceYou have $250 that you are willing to invest in Apple's stock. If Apple's stock is selling for $113.05 a share, how many shares could you buy?1234
- 16. Multiple Choice
Apple stock is now selling for $54.76 a share. You have 2 shares. What is their total value now?
$109.52
$22.10
$557.22
$5.05
- 17. Multiple Choice
You bought 550 shares of McDonald’s stock at $75.23/share. You sell at $66.45/share. Is this a profit or loss?
profit
loss
- 18. Multiple Choice
You bought 550 shares of McDonald’s stock at $75.23/share. You sell at $66.45/share. WHAT IS your profit / loss?
$4,829.00
$41,376.50
$36,547.50
$8.78
- 19. Multiple Choice
You will earn SIMPLE INTEREST on your $100 at a fixed rate of 5% annually.
At that rate, how much would you have at the end of the year?
$105.00
$150.00
$100.50
$100.05
- 20. Multiple Choice
You will earn INTEREST on your $100 at a rate of 5% compounded annually.
At that rate, how much would you have at the end of the 2nd year?
$110.25
$110.00
$100.10
$101.50
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