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Interest Calculation Quiz Pt. 1

Authored by Roy Sveiven

Mathematics

11th Grade

Used 1+ times

Interest Calculation Quiz  Pt. 1
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23 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

If you borrow $112 for seven years at an interest rate of 9%, how much interest will you pay?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

If you put $196 into a savings account that earns 9%, how much interest will you receive at the end of six years?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

If you put $782 into a savings account that earns 9%, how much interest will you receive at the end of four years?

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OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

How much interest is earned on $568 at 9% for six years?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

*(EC)How much principal must be invested to earn $128.00 in five years at an interest rate of 5%?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

*(EC)How much principal must be invested to earn $154.60 in five years at an interest rate of 4%?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

If you put $367 into a savings account that earns 9%, how much interest will you receive at the end of three years?

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OFF

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