Ch. 5 Savings Account TEST

Assessment
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Flo SP
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Mathematics
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9th - 12th Grade
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8 plays
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Medium
Student preview

14 questions
Show all answers
1.
MULTIPLE CHOICE
15 mins • 1 pt
Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest. How much simple interest will she earn after 9 months?
2.
MULTIPLE CHOICE
15 mins • 1 pt
Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest compounded quarterly. How much compound interest will she earn after 9 months?
3.
MULTIPLE CHOICE
15 mins • 1 pt
Lena Castro’s bank computes 4 percent simple interest on a daily basis. She has $1,000 in the account. Ten days later, she makes a deposit of $600. 15 days later, she withdraws $400 and the balance earns interest for 6 days. What is the amount in the account at the end of the month?
4.
MULTIPLE CHOICE
15 mins • 1 pt
The Rosario’s opened a savings account with a deposit of $2,000 on January 1. The account pays interest at 4.75% compounded semi-annually. On July 1 they deposited another $2,000. What amount will they have in their account on July 1?
5.
MULTIPLE CHOICE
5 mins • 1 pt
6.
MULTIPLE CHOICE
15 mins • 1 pt
Interest rate = 2.5%
TIme = 3 years.
How much interest?
7.
MULTIPLE CHOICE
2 mins • 1 pt
8.
MULTIPLE CHOICE
5 mins • 1 pt
9.
MULTIPLE CHOICE
5 mins • 1 pt
Write the amounts in work form:
$65.29
10.
MULTIPLE CHOICE
15 mins • 1 pt
What is the total deposit for $324.75, 15 pennies, 8 nickels, 5 dimes and 3 quarters?
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