Algebra with Finance Pretest

How much money will you have in 6 years if you invest $300 in an account with 6% interest compounded semiannually?

• $273.85

• $325.83

• $472.73

• $571.74

How much money will you have in 10 years if you invest $675 in an account with 5% interest compounded Monthly?

• $1093.54
• $1111.73
• $1195.83
• $1243.22

Danielle received a gift card to a clothing store and uses it to buy a pair of jeans. Which payment method did she use?

• cash
• credit card
• debit card
• stored-value card

Ashley is considering attending the state university to obtain a 4-year bachelor’s degree. For one year, the tuition and fees are $9890, room and board are $8250, and books are $680. What will be the total of these costs over the 4 years of obtaining the degree?

• $18,140
• $18,820
• $37,640
• $75,280

Tags

CCSS.HSF.BF.A.2

Daniel has a bill of $2750 on his credit card. If interest is charged at a rate of 15% p.a., calculate the amount of interest that Daniel must pay for one month.

• $36.54
• $34.38
• $44.36
• $52.68

Tags

CCSS.7.RP.A.3

Calculate the total amount that is paid for a car that has a cash price of $14 000, if it is bought on the following terms:
---------------------------------------------------------
* 10% deposit
* Repayments of $455 per month
* Over three years

• $13 240
• $23 550
• $19 620
• $17 780

Tags

CCSS.8.EE.C.7B

Calculate the monthly repayment to be made on a loan of $32 000 to be repaid over 5 years at an interest rate of 9% p.a.

• $677.35
• $773.33
• $873.53
• $1773.33

You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?

• $ 1881.00
• $ 1079.00
• $ 1,079.10
• $ 1,709.1

Tags

CCSS.6.RP.A.3C

The cost of a new car is $45 000. If a 5% discount is given, find the amount that is paid for the car.

• $42 750
• $34 350
• $62 775
• $12 320

Tags

CCSS.6.RP.A.3C

Find the simple interest earned on:
$6000 at 9% p.a. for 4 years

• $2160
• $2250
• $3500
• $2965

Tags

CCSS.HSF.BF.A.2