QR Review Part 5

Are you INTERESTed in the numbers?

​QR Review:
Percentages

Multiple Choice

How many weeks are in a year?

• 52

• 48

• 12

Multiple Choice

How many hours is considered full time?

• 40

• 48

• 32

• 20

Multiple Choice

How many hours would a full time person work in a year?

• 2080

• 1920

• 1280

• 480

Multiple Choice

Gross pay is what you have earned

• Before taxes

• after taxes

Multiple Choice

Net pay is what you have earned

• Before taxes

• after taxes

Multiple Choice

A person is earning $35 an hour. This person is working full time.

What is the person's gross pay for the month?

• $6066.67

• $140

• $1400

• $4666.67

Multiple Choice

A person is earning $35 an hour. This person is working full time.

What is the person's net pay for the month?

(Federal tax is 12%, state tax is 2.5%,

social security tax is 6.25%, Medicare is 1.45%)

• $4719.87

• $108.92

• $1089.20

• $3630.67

Multiple Choice

What is the equation for simple interest?

• A=P(1+rt)

• A=P(1+r)^t

• A=P(1+r)t

• I = P r t

Multiple Choice

Fred places $2500 into an account with a simple interest rate of 6.5% for 3 years. What is the final amount in the account?

• $2987.50

• $3019.87

• $12375

• $11625

Multiple Choice

If an asset is depreciating it is:

• going down in value

• going up in value

• being sold at a profit

• being converted to cryptocurrency

Multiple Choice

Dave purchased a car for $32500. It depreciates in value at a rate of 7.25%. What will the value of the car be after 4 years?

• $23075

• $41925

• $30143.75

• $4225

Multiple Choice

What is the equation for compound interest?

Multiple Choice

A person place $2500 into a savings account which gives 5% interest compounded weekly. What is the value of the account after 4 years?

• $3053.21

• $2541.93

• $33121.24

• $3000

Multiple Choice

What is the formula for return of investment?

Multiple Choice

Mr. Salomon purchased a share of PepsiCo for $0.82. It is now valued at $176.15. What is his return of investment?

• 21381.71%

• 99.53%

• 100.5%

• 213.82%

Multiple Choice

Mr. Salomon purchased one share of Blockbuster for $30. It is now valued at $0.0002. What is his return of investment?

• -100%

• 15000%

• 15000100

• -99.1%

Multiple Choice

A stock split happens when a company increases the number of its shares to boost the stock's liquidity (ability to bought or sold without affecting price).

If a stock split is 2 for 1, it means:

• A person will receive 2 shares for every 1 they own.

• A person will receive 1 share for every 2 they own.

• The value of the stock they own will double.

• The value of the stock they own will be half of its value.

Multiple Choice

Coca Cola pays a quarterly dividend of $0.48 for each share. If Mr. Salomon own 50000 shares, how much does he make from dividends every year?

• $96000

• $24000

• $200000

Poll

How comfortable are you with interest related topics?