
Interest on Balance Method Concepts

Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard

Thomas White
FREE Resource
Read more
37 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of consumer mathematics in this lesson?
Calculating discounts
Studying investment strategies
Understanding loan repayment and installment
Learning about taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When applying for a loan, what is the term used for the amount borrowed from the bank?
Installment
Interest
Loan
Deposit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the monthly installment typically paid back to the bank?
Annually
Monthly
Quarterly
In a lump sum
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two methods of interest calculation discussed?
Annual and monthly interest
Simple and compound interest
Flat interest and interest on balance
Fixed and variable interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the flat interest method, how is interest calculated?
Based on the remaining balance
On the down payment
On the original loan amount
On the monthly installment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Example 1, what was the down payment percentage for Mr. Ali's car?
10%
20%
5%
15%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the total loan amount Mr. Ali needed after the down payment?
54,000
56,000
60,000
50,000
Create a free account and access millions of resources
Similar Resources on Wayground
38 questions
Loan Terms and Interest Rates

Interactive video
•
9th - 10th Grade
26 questions
Understanding Higher Purchase Agreements

Interactive video
•
10th Grade
32 questions
Retirement Planning and Investment Strategies

Interactive video
•
9th - 10th Grade
26 questions
Car Financing and Depreciation Concepts

Interactive video
•
9th - 10th Grade
21 questions
Car Loan Calculations and Concepts

Interactive video
•
9th - 10th Grade
21 questions
Simple Interest Concepts and Calculations

Interactive video
•
9th - 10th Grade
21 questions
Calculating Car Loan Payments

Interactive video
•
9th - 10th Grade
31 questions
Student Loan Debt Calculations

Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
15 questions
Hersheys' Travels Quiz (AM)

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
30 questions
Lufkin Road Middle School Student Handbook & Policies Assessment

Quiz
•
7th Grade
20 questions
Multiplication Facts

Quiz
•
3rd Grade
17 questions
MIXED Factoring Review

Quiz
•
KG - University
10 questions
Laws of Exponents

Quiz
•
9th Grade
10 questions
Characterization

Quiz
•
3rd - 7th Grade
10 questions
Multiply Fractions

Quiz
•
6th Grade