Simple interest & installment loans
Authored by Chris Peters
Mathematics
12th Grade
CCSS covered
Used 1+ times
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2 questions
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1.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
Murdoc takes out a personal loan from ScamBank. It's for $2,500 and has an interest rate of 6.49%, payable over 2 years. What is the amount of the monthly installment?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good credit score will get you loans at a _____ interest rate.
higher
lower
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
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