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- 1. Multiple Choice
Mortgage is a type of
savings account
a loan enabling you to buy a house/ flat
grant
- 2. Multiple Choice
There is a cash point where you can ______________ some cash or check _____________ of your account
move on/ state
take out/ exchange rate
take out/ balance
- 3. Multiple Choice
You wanted a loan, but the clerk informed you about the ____________ __________ which you found unreasonable.
interest rate
balance
credit rating
- 4. Multiple Choice
There is a 20% ________ on everything.
discount
deposit
course
- 5. Multiple Choice
When an item is _______ ____ you pay 50% of its price.
half price
transfered
indicated
- 6. Multiple Choice1) Gabby invested $100 into a savings account that earned simple interest at a rate of 1.5%. She plans to keep the money in the account for the next ten years. How much would she have in the account at the end of ten years?$15$115$116.05$1,500
- 7. Multiple Choice2) Jacob invested $400 into a savings account that earned simple interest at a rate of 1.25%. He plans to keep it in the account for the next 10 years. How much interest would he gain in the account after 10 years?$50$450$500$5,000
- 8. Multiple Choice3) Jose invests $200 into an account at a rate 2%. He plans on keeping the account open for 15 years. If it is a compound interest account, about how much money will he have in the account after 15 years?$60$70$260$270
- 9. Multiple Choice6) Clay has 5 years to save money for a car. He wants to invest $800 in the bank. He has 2 banks to choose from. Wells Fargo offers a simple interest account with a rate of 4%. Chase Bank offers a compound interest account with a rate of 4%. Which bank will provide Clay with the most money after 5 years?Wells FargoChase Bank
- 10. Multiple Choice9) A simple interest account earns $75 at a rate of 1.5% over the course of 5 years. What was the principal amount on the account?$5$56$100$1,000
- 11. Multiple ChoiceIf you are calculating the simple interest and you are given the time in months. How can you find the time in years?divide 12 by the monthsmultiply 12 times the monthsdivide the months by 12change the months to a decimal
- 12. Multiple ChoiceAnn puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?481216
- 13. Multiple Choice
Jamie builds and sells boxes for worm farms. The materials to build cost $13. She sells the boxes for $20. How much profit will Jamie make?
$7
$27
$13
$20
- 14. Multiple Choice
Simon sells hamburgers. He buys the buns and meat for $15. He sells the hamburgers for $3 each. He sells 12 hamburgers.
What is Simon's profit?
$12
$21
$36
$3
- 15. Multiple Choice
How do you calculate profit?
income x price
expenses x income
expenses - income
income- expenses
- Answer choicesTagsAnswer choicesTags