Ch. 5 Savings Account TEST

Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest. How much simple interest will she earn after 9 months?

• $36.00

• $1,236.27

• $1,254.81

• $54.00

Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest compounded quarterly. How much compound interest will she earn after 9 months?

• $54.81

• $54.80

• $1254.81

• $1254.80

Lena Castro’s bank computes 4 percent simple interest on a daily basis. She has $1,000 in the account. Ten days later, she makes a deposit of $600. 15 days later, she withdraws $400 and the balance earns interest for 6 days. What is the amount in the account at the end of the month?

• $1,204.52

• $1,204.53

• $1,204.51

• None of the above

The Rosario’s opened a savings account with a deposit of $2,000 on January 1. The account pays interest at 4.75% compounded semi-annually. On July 1 they deposited another $2,000. What amount will they have in their account on July 1?

• $2,047.50

• $4,047.49

• $4,047.50

• $2,047.29

This is the cost of using some other person's or bank's money.

• Interest
• Bill
• Principal
• Credit

Tags

CCSS.7.RP.A.3

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Tags

CCSS.7.RP.A.3

What happened on 7/5?

• a paycheck was deposited
• check #164 was written
• nothing
• the balance went up

Tags

CCSS.2.MD.C.8

CCSS.2.OA.A.1

What should be written on line 2?

• the date
• the amount of the check
• who the check is going to
• your signature

Tags

CCSS.4.MD.A.2

Write the amounts in work form:

$65.29

• Sixty-five and $\frac{28}{100}$

• Sixty-two dollars and $\frac{29}{100}$
  

• Fifty-six and $\frac{29}{100}$
  

• Sixty-five dollars and $\frac{29}{100}$
  

What is the total deposit for $324.75, 15 pennies, 8 nickels, 5 dimes and 3 quarters?

• $325.15

• $326.45

• $325.95

• $326.55