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Paycheck/Interest TEST

Authored by omega logan

Mathematics

6th - 12th Grade

CCSS covered

Used 2+ times

Paycheck/Interest TEST
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21 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Dash puts $4125 into an account using compounded continuously. If he keeps the money in the account for 5 years and now has a total of $4193.89. What is the interest rate?

0.033%

0.025%

0.053%

0.052%

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Damara invests $3500 at 2% compounded continuously for 5 years. How much will she have in her account after 5 years?

$3868.10

$3886.10

$3688.10

$3286.10

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Abhasra invests $8,911 in a retirement account with a fixed annual interest rate of 7.71% compounded continuously. What will the account balance be after 20 years?

$41,649.38

$51,649.38

$61,649.38

$71,649.38

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

$12712.31
$12,749.30
$12,657.59
$12550.84

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

$47,798.90
$87,798.90
$127,798
$7,798

Tags

CCSS.HSF.BF.A.2

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Elizabeth earns $2200.00 per month. She wants to put 15% into savings each month. How much should she deposit into her savings account?

$1870

$330

$2530

$150

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your bill at a restaurant is $52.00. You want to leave a 20% tip, so how much should the tip be?

$5.20

$62.40

$10.40

$20.00

Tags

CCSS.6.RP.A.3C

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