Have an account?
Skip to Content
Build your own quiz
Suggestions for you
10 questions
Show Answers
See Preview
- 1. Multiple Choice
What is 23% written as a decimal?
23.0
2.3
0.23
0.023
- 2. Multiple Choice
What is 5% written as a decimal?
5.0
0.5
0.05
0.005
- 3. Multiple Choice
What is 5.6% written as a decimal?
5.6
0.56
0.056
0.0056
- 4. Multiple Choice
Alexia is buying a Nissan Versa and takes out a 4-year simple interest car loan for $15,000 at a 3% interest rate. What is the principal?
4 years
$15,000
3%
Nissan Versa
- 5. Multiple Choice
Christine takes out a 4-year simple interest car loan for $15,000 at a 3% interest rate. If she does not make any payments, how much interest will she owe at the end of 4 years?
$1,800
$18,000
$16,800
$33,000
- 6. Multiple Choice
Greg takes out a 4-year simple interest car loan for $15,000 at a 3% interest rate. If he does not make any payments, how much total money will he owe at the end of 4 years?
$1,800
$18,000
$16,800
$33,000
- 7. Multiple Choice
Aiydan puts $5,000 into a savings account with a 3% interest rate. The interest compounds yearly. How much money will he have in his account after 8 years?
$150
$5,300
$6,333.85
$4,0786.54
- 8. Multiple Choice
Sara takes out a $30,000 loan for her new Honda Civic. She will pay back the entire loan at the end of 8 years. It is a compound interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years?
$17,400.00
$30,725.00
$52,516.97
$2,351,982.31
- 9. Multiple Choice
In general, which is better for a lender: a simple interest loan or a compound interest loan?
Simple interest loan
Compound interest loan
They are the same.
- 10. Multiple Choice
In general, which is better for a borrower: a simple interest loan or a compound interest loan?
Simple interest loan
Compound interest loan
They are the same.
- Answer choicesTagsAnswer choicesTags