Interest Rates Practice

Interest Rates Practice

10th - 11th Grade

10 Qs

quiz-placeholder

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Interest Rates Practice

Interest Rates Practice

Assessment

Quiz

Mathematics

10th - 11th Grade

Practice Problem

Hard

CCSS
HSF-LE.A.1C, HSF.LE.A.2

Standards-aligned

Created by

Lisa Garcia

Used 44+ times

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10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

9.35% as a decimal is ???

2.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

If the APR is 4.45%, the increase multiplier is ????

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the multiplier is 0.985, the rate was

.015%

15%

1.5%

98.5%

9.85%

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If the value of an antique lost its value at a rate of 2.25% annually, what is the multiplier you would use to write a function?

Tags

CCSS.HSF-LE.A.1C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the APR is compounded semi-annually, the value of n is...

1

2

4

12

52

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Given an APR of 6% compounded quarterly, which is the correct function for t years?

f(t)=P(1.015)tf\left(t\right)=P\left(1.015\right)^t

f(t)=P(1.015)4tf\left(t\right)=P\left(1.015\right)^{4t}

f(t)=P(1.15)tf\left(t\right)=P\left(1.15\right)^t

f(t)=P(1.15)4tf\left(t\right)=P\left(1.15\right)^{4t}

Tags

CCSS.HSF.LE.A.2

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The correct adjusted rate for 18.5% APR compounded weekly is....

1.542%

1.85%

4.625%

0.3558%

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