Financial Mathematics Pre Test

Financial Mathematics Pre Test

12th Grade

28 Qs

quiz-placeholder

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Financial Mathematics Pre Test

Financial Mathematics Pre Test

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, HSF.BF.A.2, 8.EE.C.7B

+6

Standards-aligned

Created by

Dylan Herb

Used 3+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

$120
$144
$1,200
$1,440

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What a borrower pays a lender for the temporary use of the lender's money.

share

term

Interest

principal

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount of time for which a loan is made (the amount of time until the loan is repaid).

Term

Years

Maturity date

Maturity value

Tags

CCSS.8.EE.C.7B

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Bill loans Ted $5,000 for 18 months. Ted agrees to pay 8.5% annual simple interest for one year. How much will he pay Bill when the time is up?

$637.50

$5,637.50

$7,650

$12,650

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Single, Married Filing Joint, and Head of the Household are all examples of___ on a tax return.

filing status
standard deductions
itemized deductions
dependents

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

7.8125

.08125

.078125

.78125

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All of the following are types of retirement accounts except...

401K

Pension Plan

403(b)

Brokerage Account

Tags

CCSS.7.NS.A.1C

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