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Second Trimester Quiz

Authored by Nawal Badurova

Mathematics, Social Studies, Fun

9th - 12th Grade

Used 2+ times

Second Trimester Quiz
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10 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are some alternatives to storing your money in the long term? ( More than one option answer)

Cash

Stocks

Real Estate

Gold

High Yielding Savings Account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do we call the amount of money you have left to pay in your loan?

Down Payment

Principal

Interest

Inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula for simple interest :

F=P*(1+i)*n

What does "n" stand for?

Number of years

Number of months

Number of compounding periods

Term of the loan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the formula for compound interest:

F=P*(1+i)^n

What does "n" stand for?

Number of compounding periods

Term of the loan

Number of years

Number of months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you calculate the interest of a sum , and it is in percentage, what do you do with the percentage before multiplying it with the sum?

Divide by 100

Multiply by 100

Divide by 10

Multiply by 10

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the long term , which method of interest is better for the payer?

Compound Interest

Simple Interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the standard inflation rate per year ?

1-2%

2-3%

3-4%

4-5%

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