Money management revision

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

• $800
• $1,000
• $1,200
• $1,500

Tags

CCSS.7.RP.A.3

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Tags

CCSS.7.RP.A.3

CCSS.7.NS.A.3

Mr. Peterson paid $1,020 in simple interest for a loan, which was given to him at a rate of 5% for 3 years. How much money did he borrow originally?

• $5400.00

• $6800.00

• $3240.00

• $14620.00

Your 2-year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

• $2080.00

• $1040.00

• $22134.08

• $42080.00

You invested $1,900 at 4% interest compounded annually for 2 years.  How much interest did you earn in 2 years?

• $155.04

• $2055.04

• $137.24

• $2052.00

Which is better to have when you invest money?

• Compound Interest

• Simple Interest

• Good interest

• Simpound Interest

John borrowed ₱45,400.00 at 10% simple interest rate. How much should he repay after 3 years?

• ₱13,620.00

• ₱46,762.00

• ₱59,020.00

• ₱104,420.00

If everything else is the same, which is better for the lender, a simple interest loan or a compound interest loan?

• Simple Interest

• Compound Interest

• They are the same.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

If everthing else is the same, which is better for the borrower, a simple interest loan or a compound interest loan?

• Simple interest

• Compound interest

• They are the same.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

Chelsea put $7500 into an account paying 5% compounded continuously. She now has $10,643.01. How long has the money been in the account?

• 7 years

• 6 years

• 5 years

• 4 years