Financial Algebra Chapter 2 Quiz 2
Authored by Luke Marvulli
Mathematics
12th Grade
CCSS covered
Used 56+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long does it take $450 to double at a simple interest rate of 14%
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.REI.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the neareset tenths of a percent.
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.CED.A.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pierre deposits $9,000 in a CD that pays 8% interest, compounded semiannually. How much interest does the account earn in the first 6 months?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Luara deposits $2,000 in an account that has an annual interest rate of 3.96%, compounded monthly. How much interest will earn at the end of 1 month?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liam deposits $3,500 into a savings account that pays 7.5% interest, compounded Quarterly. Find the 1st quarter interest
$65.63
$72.35
$3,563.63
$68.12
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liam deposits $3,500 into a savings account that pays 7.5% interest, compounded Quarterly. Find the 1st quarter's ending balance
$65.63
$3,565.63
$3,283.12
$69.48
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liam deposits $3,500 into a savings account that pays 7.5% interest, compounded Quarterly. Find the 2nd quarter's interest.
$3,565.63
$92.45
$66.86
$65.63
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
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