
S2_Consumer Math_U2 Test_B
Quiz
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Hard
Mrs Dub
Used 1+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
At the end of a 5-year term, what is the balance of an $8,000 investment at a rate of 1.8 percent compounded semi-annually? Round to the nearest dollar.
$8,000
$8,720
$8,750
$9,382
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Growth curve A represents $200 saved at 2.5 percent simple interest. Growth curve B represents $200 saved at 2.5 percent interest, compounded quarterly.
What is the approximate difference between the two accounts in 20 years?
50
100
10
25
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Ray opened a savings account with $600 at 4.5 percent interest, compounded quarterly, and kept it in the account for two years. How much was the final amount? Round to the nearest dollar.
696
680
668
656
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which account earns more interest?
$20,000; 3%; interest 4y
$20,000; 1.5%; interest 10y
The account with 3% interest.
The account with 1.5% interest.
They will earn the same amount
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Use the passbook to answer the question.
What is his balance E after another deposit is made?
144.36
146.98
150.02
152.98
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Kathy began with a balance of $96.54 in her checking account this month. She deposited $175.88 and wrote checks for $83.70, $56.15, and $93.42.
How much will she have to deposit in order to pay her rent of $280.00?
$202.38
$240.85
$267.88
$286.58
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