Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Multiple ChoiceYour 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?$23,285.05$3,285.05$2,385$32,285
- 2. Multiple ChoiceYou borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?$13,693.90$1,363.90$72,693.90$73,793.90
- 3. Multiple ChoiceYour 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?$47,798.90$87,798.90$127,798$7,798
- 4. Multiple ChoiceSemi-Annually means how many times a year?4216
- 5. Multiple ChoiceChange 6.75% to a decimal.67.5.675675.0675
- 6. Multiple ChoiceRiley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?$1,584.62$2,651.39$2,706.86$1,825.10
- 7. Multiple ChoiceOlivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.$15,415.94$15,683.28$15,927.56$16,109.05
- 8. Multiple ChoicePrincipal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.$12712.31$12,749.30$12,657.59$12550.84 - 9. Multiple Choice
Emily's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 3 years?
$2,273.50
$1,514.08
$2,040.23
$1,911.70
- 10. Multiple Choice
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
- 11. Multiple Choice
What does the r stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
- 12. Multiple Choice
What does the P stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
- 13. Multiple Choice
David
invests $10,000 in a savings account that pays 3.5% simple interest. If David
makes no withdrawals or deposits to the account, how much will be in the
account after 7 years.
$2,450
$11,750
$12,450
Not here
- 14. Multiple Choice
Gilberto
invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto makes no withdrawals or deposits
to the account, how much will be in the account after 7 years?
$3,325
$13,325
$13,838.16
$13,000
- 15. Multiple Choice
Travis
invests $25,000 in a savings account that pays 2.75% simple interest. How much interest does he earn each year?
$787.50
$625
$657.50
$687.50
- 16. Multiple Choice
Audrey deposited $2,800 in a
savings account that pays 2.65% interest compounded annually. What is the total
value of the account after 7 years?
$562.57
$3362.57
$14,514.15
$2,569,680
- 17. Multiple ChoiceA bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, how much interest will you earn in three years?$5375$375$37500$42500
- 18. Multiple ChoiceEmilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?15019213501392
- 19. Multiple Choice
Anne deposited $500 in an
account that earns 6% simple annual interest.
Shelly deposited $500 in an account that earns 6% annual interest
compounded annually. They leave the
money in the account for 4 years. Which
statement is true about the two investments after 4 years?
Shelly will have $131.24 more in her account
than Anne has in her account.
They will have the same
amount in their accounts.
Shelly will have $11.24 more
in her account than Anne has in her account.
Anne will have $11.24 more in
her account than Shelly has in her account.
- 20. Multiple Choice
Carly
deposited $800 in an account that earns 6% compounded annually. Lara deposited
$800 in an account that earns 6% simple interest. How much will each girl have
in their account at the end of 10 years if they make no withdrawals or deposits?
Carly: $1432.68 Lara: $1280
Carly: $1444.89 Lara: $1280
Carly: $1444.89 Lara: $1320
Carly: $1432.68 Lara: $1320
- Answer choicesTagsAnswer choicesTags