Buying a Car
Quiz
•
9th - 12th Grade
•
Practice Problem
•
Medium
+2
Standards-aligned
Olivia Finley
Used 127+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The cost of a car is $25,000 and there is a 15% down payment. What is the down payment amount?
$375,000
$2,500
$3,750
Tags
CCSS.6.RP.A.3C
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The cost of a car is $25,000 and the down payment is $3,750. What is the total amount to be financed?
$28,750
$21,250
$20,000
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The total amount to be financed is $21,250 over 4 years with a 7.5% annual rate. What will be the monthly payment amount (PMT)?
***Use the equation***
$513.80
$37.45
$452.21
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The monthly payments for a car are $513.80 for 4 years (change to months). What is the total amount to be repaid?
$18,496.80
$2,055.20
$24,662.40
Tags
CCSS.7.EE.B.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The total amount to be financed is $21,250 and the total amount to be repaid is $24,662.40. What is the total interest?
$400
$21,250
$3,412.40
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The cost of a car is $22,000 and there is a 10% down payment. What is the down payment amount?
$220,000
$2,200
$1760
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The cost of a car is $22,000 and the down payment is $2,200. What is the total amount to be financed?
$19,800
$24,200
$20,000
Tags
CCSS.7.EE.B.3
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