Business Math--anytime

$1710 at 15% simple interest for 3 3/4 years.  What is the ending balance?

• $961.88
• $1966.50
• $2888.11
• 2671.88

Jackson made 48 car payments in the amount of 336.80.  How much did he pay for the car, including interest?

• 33680.00
• 16,166.4
• not enough information

Tags

CCSS.6.NS.B.3

The Principal and Interest are always___________.

• fraction
• decimal
• percent
• dollar amount

If the time is given in months, you must first _____________ by 12.

• add
• subtract
• multiply
• divide

Tags

CCSS.6.RP.A.3B

Mr. Peterson paid $1,020 in interest for a loan, which was given to him at a rate of 5% for 3 years.  How much money did he borrow originally?

• $5,400
• $6,800
• $3,240
• $14,620

You lend $240 to your friend.  He pays you back $270.  What interest rate did you charge your friend?

• 88%
• 20%
• 12.5%
• 10%

True of False:  Before you can calculate INTEREST your time must be in MONTHS!

• FALSE
• TRUE

Tags

CCSS.7.RP.A.3

Used to withdraw cash or make deposits.

• Debit card
• PIN
• ATM
• Check register

A legal document that functions like cash.

• Check
• ATM
• Deposit slip
• PIN

All ATM machines charge a fee to use them.

• True
• False