
Interest Calculations and Geometry Concepts
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard
Thomas White
FREE Resource
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18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual interest rate offered by the bank for the home improvement loan?
10%
12%
15%
18%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much money does JT borrow for the home improvement loan?
$10,000
$12,000
$14,000
$16,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key difference between simple interest and compound interest?
Compound interest is calculated on the initial amount only.
Compound interest does not compound.
Simple interest is calculated on the initial amount only.
Simple interest compounds annually.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many times is the interest applied over the loan period?
Four times
Once
Twice
Three times
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total interest paid over three years?
$3,000
$4,200
$6,000
$5,040
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total amount JT has to repay after three years?
$18,040
$19,040
$17,000
$20,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the length of the triangular prism?
75 cm
90 cm
60 cm
50 cm
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