Intrest Rate Questions

Maria borrowed $3,000 at a interest rate of 14% per year.  How much did she have to repay?

• $3,500

• $3,420

• $3,650

• $3,780

Jill borrows 12,000 dollars for a car. If the bank charges her 18% interest. How much will she owe in total for the car?

• $14,160

• $16,780

• $12,180

• $20,000

John borrows 500 dollars for a PS5. If the bank charges him 25% interest, how much will the PS5 cost him in total?

• $625

• $600

• $525

• $750

How do you raise your credit score?

• Pay your bills on time

• Don't get a job, just live with mom forever

• Never pay your bills

• Drop out of high school

Bill borrows 500,000 dollars to buy a house. If the interest rate is 10%, how much will he have to pay back in total to the bank?

• $550,000

• $600,000

• $505,000