Chapter 10 Practice Test - Housing

Chapter 10 Practice Test - Housing

11th - 12th Grade

17 Qs

quiz-placeholder

Similar activities

Chapter 1: Quadratic Functions and Equations in One Variable

Chapter 1: Quadratic Functions and Equations in One Variable

11th - 12th Grade

13 Qs

GEN. MATH SUMMATIVE TEST

GEN. MATH SUMMATIVE TEST

11th Grade

20 Qs

MAT S213 Reviewer 2

MAT S213 Reviewer 2

12th Grade

20 Qs

Basic Algebraic Equation

Basic Algebraic Equation

12th Grade - University

20 Qs

masa dan waktu tahun 5

masa dan waktu tahun 5

4th - 12th Grade

20 Qs

Addition and Multiplication Properties

Addition and Multiplication Properties

9th - 12th Grade

20 Qs

Composite of Functions

Composite of Functions

12th Grade

18 Qs

Challenge ME

Challenge ME

11th Grade

20 Qs

Chapter 10 Practice Test - Housing

Chapter 10 Practice Test - Housing

Assessment

Quiz

Mathematics

11th - 12th Grade

Hard

CCSS
6.RP.A.3C, 7.RP.A.3, 7.EE.B.3

+2

Standards-aligned

Created by

Elias Pew

Used 48+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Elaine and Ronald Sumter consider purchasing a new home for $179,000. A 15% down payment is required. What is the amount of the mortgage loan needed to finance the purchase?

$11,933.33

$26,850.00

$152,150.00

$205,850.00

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Lawrences consider purchasing a new home for $224,000. A 10% down payment is required. What is the amount of the mortgage loan needed to finance the purchase?

$22,400

$171,360.00

$179,200.00

$201,600.00

Tags

CCSS.6.RP.A.3C

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Tracy and Allen Van Steenburgh have applied for a $100,000 loan at an annual interest rate of 6.50%. The loan is for a period of 20 years and will be paid in equal monthly payments that include interest. According to the table below, what is the total amount of interest charged?

$193,440.00

$150.000.000

$79.040.00

$50,000.00

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Cassie and Todd Bennett have applied for a $280,000 loan at a 6.5% annual interest rate. The loan is for 30 years, and the Bennett's will pay it in equal monthly payments that include interest. What is the total amount of interest charged?

$637,056

$530,880

$357,056

$250,880

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Lori and Percy Saunders have been granted a mortgage loan at an annual interest rate of 7% for 25 years. The home has a selling price of $129,000. They need a 15% down payment, and their bank will allow them to finance the closing costs as part of the mortgage. According to the closing costs listed below, what is the actual amount financed with the mortgage?

$116,714.00

$109,650.00

$26,414.00

$7,064.00

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Tiffany and Mika Oberneder have been granted a mortgage loan at an annual interest rate of 6.5% for 30 years. The home has a selling price of $225,000. They need a 15% down payment, and their bank will allow them to finance the closing costs as part of the mortgage. According to the closing costs listed below, what is the actual amount financed with the mortgage?

$238,100.00

$229,100.00

$194,911.25

$182,873.24

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Susan and Stephan Polanski obtained a 20-year, $95,000 mortgage loan. The interest rate is 7%. Their monthly payment is $736.25. For the first payment, what is the payment to principal?

$27.71

$182.08

$554.17

$708.54

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?