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- 1. Multiple Choice
Write the percent as a decimal.
4.3%4.3.43.0434300 - 2. Multiple Choice
How do you write 5% as a decimal?
5.0
0.5
0.05
0.005
- 3. 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.
- 4. 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
- 5. Multiple Choice
Garrison
deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how
much interest will the account earn after 4 years?
$600
$100
$607.75
$107.75
- 6. 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
- 7. Multiple ChoiceFind the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years$220$440$660 - 8. Multiple ChoiceStarting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?$7.50$26.25$87.5$262.50 - 9. Multiple Choice
Paul deposits $4000 in a bank which pays a compound interest rate of 5% per year. How much will he have in 7 years.
$4866.61
$5628.40
$6077.53
$6326.60
- 10. Multiple Choice
Paul deposits $5000 in a bank which pays a compund interest rate of 4% per year. How much will he have in 6 years.
$4866.61
$5628.40
$6077.53
$6326.60
- 11. Multiple ChoiceYou invested $1,900 at 4% interest compounded annually for 3 years. How much interest did you earn in 3 years?$2,372.40$237.24$2,137.24$3,197.60
- 12. Multiple ChoiceCaiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?$827.52$831.10$839.45$846.80
- 13. Multiple ChoiceBruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?2000(1+0.02)132000(1-0.02)132000(1+0.02)162000(1-0.02)16
- 14. Multiple ChoiceCaiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?$827.52$831.10$839.45$846.80
- 15. Multiple ChoiceFind the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years$220$440$660 - Answer choicesTagsAnswer choicesTags