Chapter 3 Review - Financial Algebra
Authored by Anonymous Anonymous
Mathematics
9th - 12th Grade
CCSS covered
Used 14+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What would the monthly payment be on a purchase of a $10,000 car at 5.9% for 4 years?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Jaclyn has decided to purchase an $11,000 car. She pans on putting $1000 down towrd the purchase, and financing the rest at 4.8% interest rate for 3 years. Find her monthly payment.
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Omar has decided to purchase a $11,000 car. He plans on putting 20% down toward the purchase, and financing the rest at 4.8% interest rate for 3 years. Find his monthly payment.
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If you put down 20% on a $7000 car and pay monthly payments of $109.40 for 60 months, what is the total price of the car?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Danny took out a loan of $3,200 at an APR of 15% for 6 months. What is his monthly payment?
$555.20
$288.96
$556.80
$558.40
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dean wants to take out a loan for $5,525 at an APR of 12% for 36 months. What will his monthly payment be?
$183.43
$133.15
$213.82
$161.88
Tags
CCSS.8.EE.C.7B
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Danny is looking to purchase a $6,000 engagement ring for his girlfriend. He has $4,000 to put down. What will his monthly payment be if he finances the remaining amount at an APR of 11% for 6 months?
$344.20
$2,000
$20
$176.80
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