Financial Math Final Review

APR stands for

• annual profit rate

• annual percentage rate

• annual participation rate

• annuity profit range

Tags

CCSS.6.RP.A.3C

Which symbol is used in Google Sheets to perform the operation of multiplication?

• x

• *

• ( )

• /

A __________ is a log where you keep track of all your checking transactions.

• statement
• register

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.

• the amount of money borrowed or deposited

• the percent interest for his year

• the amount taxed

• the amount the bank owes you for being a customer at their bank

Tags

CCSS.7.RP.A.3

A Chase credit card has an APR of 24.2%. Find the monthly percentage rate a decimal to the nearest ten thousandth.

• .0201

• .02

• 2.01%

• .2420

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years?

• $270.75
• $745.75
• $2,707.50
• $846.80

Tags

CCSS.7.RP.A.3

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account
• Savings Account
• Market Money Account
• CD Account

Tags

CCSS.L.1.1J

CCSS.L.2.1F

CCSS.L.8.1C

CCSS.L.K.1D

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38
• $1510.06
• $1485.06
• $787.10

Tags

CCSS.7.NS.A.3

What does point C on the box plot represent?

• First Quartile

• Median

• Third Quartile

• Mean

What do points B and D represent on the box plot?

• Mean and Mode

• Mean and Median

• Least and Greatest Value

• First and Third Quartiles