Maths and Money

Sara takes out a $30000 loan for her new Honda Civic. She will pay back the entire loan at the end of 8 years. It is a compound interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years?

• $17400.00

• $30725.00

• $52516.97

• $2351982.31

Keylaan takes out a $30000 loan for her new Ford Mustang. She will pay back the entire loan at the end of 8 years. It is a simple interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years?

Greg takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is he does not make any payments, how much total money will he owe at the end of 4 years?

• $1800

• $18000

• $16800

• $33000

Christine takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does not make any payments, how much interest will she owe at the end of 4 years?

• $1800

• $18000

• $16800

• $33000

What is 5.6% written as a decimal?

• 5.6

• 0.56

• 0.056

• 0.0056

Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?

• $438

• $338

• $35

Sebastian deposits £3000 in a bank that offers a compound interest rate of 2% per year. How much money will Sebastian have in the bank at the end of two years?

• £3060.60

• £3120

• £3200

• £3000

Fiona deposits £1600 in a bank with a compound interest rate of 4% per year. What will be the total amount in Fiona's bank account at the end of four years?

• £1874.74

• £1850

• £1900

• £1600

A car is purchased for £18000 and depreciates at a rate of 15% per year for three years. What is the value of the car at the end of three years?

• £13095

• £15000

• £12000

• £18000

How much total interest does Natalie earn if she invests £600 at a compound interest rate of 10% per year for 2 years?