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Unit 4 Accounts Review

Total questions: 29

Worksheet time: 33mins

Name
Class
Date
1.

Question of the Day:

What is your go-to snack food?

4 lines
2.

For a savings account that pays 1.5% interest annually -

If there is $2000 in the account - what is the interest paid per year?

(a)  

3.

For a savings account that pays 1.5% interest annually -

If there is $2000 in the account - what is the interest paid per month?

(a)  

4.

Employee #1 puts 10% of their weekly pay into a savings account.

If their net weekly pay is $315 - how much will they deposit into their savings account?

(a)  

5.

Employee #1 puts 10% of their weekly pay into a savings account.

If their net weekly pay is $315 - how much will they deposit into their checking account?

(a)  

6.

Using the Simple Interest Formula:

If the principal in the account is $22,000, interest rate is 5%, and it has been 10 years -

What is the interest earned?

(a)  

7.

Using the Simple Interest Formula:

If the principal in the account is $22,000, interest rate is 5%, and it has been 10 years -

What is the end balance?

(a)  

8.

What is the value of A?

(a)  

9.

What is the value of B?

(a)  

10.

What is the value of C?

(a)  

11.

What is the value of D?

(a)  

12.

What is the value of E?

(a)  

13.

What is the value of F?

(a)  

14.

What is the value of G?

(a)  

15.

What is the value of H?

(a)  

16.

For: I=50000.082I=5000\cdot0.08\cdot2  

What is the initial investment?

(a)  

17.

For: I=50000.082I=5000\cdot0.08\cdot2  

What is the interest rate in percent?

(a)  

18.

For: I=50000.082I=5000\cdot0.08\cdot2  

How many years has the money been in the account?

(a)  

19.

For: I=50000.082I=5000\cdot0.08\cdot2  

How much interest has been earned?

(a)  

20.

For: I=50000.082I=5000\cdot0.08\cdot2  

How much money is in the account now?

(a)  

21.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

What is the principal in the account?

(a)  

22.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

What is the interest rate?

(a)  

23.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

How many years has the money been in this account?

(a)  

24.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

How many times per year is interest compouned?

(a)  

25.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

How much money is in the account at this time?

(a)  

26.

For A=1200(1+0.0091)120A=1200\left(1+\frac{0.009}{1}\right)^{1\cdot20}  

How much interest has been earned?

(a)  

27.

A Checking Account unlike a Savings Account [select all that are true]

a)

Pays a Higher Interest Rate

b)

Pays a Lower Interest Rare

c)

Money is withdrawn with a check, an

ATM card, a debit card or in person

d)

Money is withdrawn in

person at the

bank or with an ATM card

28.

A Savings Account unlike a Checking Account [select all that are true]

a)

Pays a Higher Interest Rate

b)

Pays a Lower Interest Rare

c)

Money is withdrawn with a check, an

ATM card, a debit card or in person

d)

Money is withdrawn in

person at the

bank or with an ATM card

29.

No question here. Just wanted to show the difference between these two accounts

4 lines