Free Printable Ordinario Ing. Eco

1.

Calculate the simple interest earned in $1000 at 10% for 1 year.

(a)

2.

Calculate the simple interest earned in $150 at 5% for 1 year

(a)

3.

Calculate the simple interest earned in $500 at 4.5% for 0.5 years.

(a)

4.

Calculate the simple interest earned in $200 at 11% for 0.25 years

(a)

5.

Calculate the simple interest earned in $100 at 7% for 6 months

(a)

6.

Calculate the simple interest earned in $50 at 6% for 8 months.

(a)

7.

Calculate the simple interest earned in $2500 at 6.5% for 100 days.

(a)

8.

Calculate the simple interest earned in $1000 at 5.25% for 30 weeks.

(a)

9.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) How much money did Kim invest?

a)

3600

b)

0.81

c)

6

d)

39.33

e)

162

10.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) How much in dividends, per share, did Kim receive altogether?

a)

0.81

b)

3600

c)

6

d)

39.33

e)

162

11.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) What were her total earnings in dividends?

a)

162

b)

0.81

c)

3600

d)

6

e)

39.33

12.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) What percent did the dividends earn per share?

a)

6

b)

0.81

c)

3600

d)

39.33

e)

162

13.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) How much did Kim earn altogether when her stock went from $18 to $22.50? This is called capital gains. (Do not include the dividend earnings.)

a)

900

b)

0.81

c)

3600

d)

6

e)

39.33

14.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) What were her total earnings (dividends plus capital gains)?

a)

1062

b)

0.81

c)

3600

d)

6

e)

39.33

15.

Kim bought 200 shares of Ajax Fuelcells at $18 per share. Over a 9 month period she received quarterly dividends of $0.26, $0.24, and $0.31 per share. Also, over this time the shares have increased from $18 to $22.50. (simple interest) What total percent gain has Kim realized on her investment?

a)

39.33

b)

0.81

c)

3600

d)

6

e)

162

16.

Agnes is 35. If she invests $1000 now, and she hopes to earn 10% compounded annually, how much will her investment be worth when she retires at the age of 65?

(a)

17.

Suppose Agnes invested the $1000 at 10% when she was 25. How much would it be worth when she is 65?

(a)

18.

Shark says that he will lend you the $5000 you need but he wants 50% compounded daily on the loan. (And, you had better pay him within 90 days.) Hint: here n = 365 How much will you owe him in 30 days.

a)

5,428

b)

5,209.6

c)

5,655.55

19.

Shark says that he will lend you the $5000 you need but he wants 50% compounded daily on the loan. (And, you had better pay him within 90 days.) Hint: here n = 365 How much will you owe him in 60 days.

a)

5,428

b)

5,209.6

c)

5,655.55

20.

Shark says that he will lend you the $5000 you need but he wants 50% compounded daily on the loan. (And, you had better pay him within 90 days.) Hint: here n = 365 How much will you owe him in 90 days.

a)

5,428

b)

5,209.6

c)

5,655.55

21.

George had a $100 bond earning 7 3/4% interest per annum. At the end of the year, he received a check for $7.75. What kind of interest did he earn (simple or compound)?

a)

Simple

b)

Compound

22.

Sal put $100 into a savings account. At the end of each month, the interest was calculated and deposited into Sal’s account. Sal did not make any withdrawals from his account until the sixth month. What kind of interest was his account earning (simple or compound)?

a)

Simple

b)

Compound

23.

What is the effective rate of 9.5% compounded weekly?

(a)

24.

Terry decides to start saving $50 a month. He can deposit it in an account yielding 4% compounded monthly. How much will his annuity be worth in 5 years?

(a)

25.

Mary figures she will need about $7000 in 10 years to help pay for her children’s education. A savings fund pays 9.5% compounded quarterly. How much should she deposit every 3 months into the fund to reach her goal?

(a)

26.

Peter can buy a $9950 truck for $2000 down and monthly payments at 9.1% for 3 years. a. What would his monthly payments be?

(a)

27.

Peter can buy a $9950 truck for $2000 down and monthly payments at 9.1% for 3 years. b. What is his finance charge?

(a)

28.

The Browns have a $38 000 second mortgage over 20 years at 10%. a. Calculate their monthly payments.

(a)

29.

The Browns have a $38 000 second mortgage over 20 years at 10%. b. Calculate the finance charge on this mortgage.

(a)

30.

The interest rate which reflects the total amount of interest earned on an investment in one year.

a)

Interest

b)

Interest rate

c)

Effective interest rate

d)

Nominal interest rate

31.

The fee lenders charge to borrowers for the temporary use of money.

a)

Interest

b)

Interest rate

c)

Effective interest rate

d)

Nominal interest rate

32.

The stated annual interest rate.

a)

Interest

b)

Interest rate

c)

Effective interest rate

d)

Nominal interest rate

33.

The percentage charged or earned for the use of money per year.

a)

Interest

b)

Interest rate

c)

Effective interest rate

d)

Nominal interest rate

34.

A series of equal payments at regular intervals.

a)

Annum

b)

Annuity

c)

Annual interest rate

35.

Referring to one year.

a)

Annum

b)

Annuity

c)

Annual interest rate

36.

The interest rate over a one year period or interest rate per annum.

a)

Annum

b)

Annuity

c)

Annual interest rate

37.

A six month investment will earn 5.25%. How much would you need to invest if you want to earn $100 in interest?

(a)

38.

Mark had $240 in the bank for the month of April. At the end of the month he had earned $0.90 in interest. What interest rate was the bank paying?

(a)

39.

Carl invested $500 paying 6%. How long will it take her to earn $250 in interest?

(a)

40.

At the beginning of the year, Bill invested $500 in a special account. At the end of the year the account was worth a total of $523.25. What interest rate did he earn on the $500 investment?

(a)

41.

Velma invests $1200 at 6.5%. How long will it take to earn $10 in interest on the investment? (Answer in days.)

(a)

42.

A certain credit card company charged $3.45 interest on a $230 unpaid bill over a 30 day period. What interest rate was the credit card company charging?

(a)

43.

Is an amount or mass of money located on a date or initial point of a financial operation

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

44.

it is the value of money at this time.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

45.

Interest rate it's expressed as much by one or as a percentage.

a)

True

b)

False

46.

In the case of credits the interes it is paid

a)

True

b)

False

47.

In the case of investment we pay interest.

a)

True

b)

False

48.

Time it's also known as a deadline.

a)

True

b)

False

49.

Is the money that will be paid for the use of other people's money.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

50.

Is the value of money in the future.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

51.

Is the ratio of accrued interest between the principal in a period.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

52.

Is the number of units of time that elapse between the start and end date in a financial transaction.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

53.

Is the amount that a person must pay for the use of borrowed money.

a)

Interest rate

b)

Capital

c)

Amount

d)

Interest

e)

Time

54.

A plan of how income will be spent and what it will be spent on.

a)

Expenses

b)

Income

c)

Budget

d)

Taxes

55.

How many fortnights are in a year?

a)

52

b)

12

c)

18

d)

26

56.

How many months are in a year?

a)

52

b)

12

c)

18

d)

26

57.

How many weeks are in a year?

a)

52

b)

12

c)

18

d)

26

58.

John has a weekly income of $400 and saves $150 of this each week. What percentage of his weekly income does he save?

a)

26.6%

b)

37.5%

c)

60%

d)

62.5%

59.

If the normal hourly rate is $100, what is the time-and-a-half rate?

a)

$200

b)

$50

c)

$150

d)

$250

60.

If the normal hourly rate is $100, what is the double time rate?

a)

$200

b)

$50

c)

$150

d)

$250

61.

Percentage of your income paid to the government.

a)

Commission

b)

VAT (Value Added Tax)

c)

Taxes

d)

Retirement

62.

Porcentage added to the price of goods and services that goes to the government.

a)

Commission

b)

VAT (Value Added Tax)

c)

Taxes

d)

Retirement

63.

When interest is earned on interest, we say the interest is _______________

a)

Simple

b)

Compunded

64.

If interest is compounded annually, then n =

a)

1

b)

2

c)

4

d)

12

e)

52

65.

If interest is compounded quarterly, then n =

a)

4

b)

1

c)

2

d)

12

e)

52

66.

If interest is compounded semi-annually, then n =

a)

2

b)

1

c)

4

d)

12

e)

52

67.

If interest is compounded monthly, then n =

a)

12

b)

1

c)

2

d)

4

e)

52

68.

If interest is compounded weekly, then n =

a)

52

b)

1

c)

2

d)

4

e)

12

69.

If interest is compounded daily, then n =

a)

365

b)

1

c)

2

d)

4

e)

12

70.

Agnes is 35. If she invests $1000 now, and she hopes to earn 10% compounded annually, how much will her investment be worth when she retires at the age of 65?

(a)

71.

A certain certificate will pay the owner $1000 in the year 2020. If money is worth 8% compounded semi-annually, how much must you pay for the certificate in: a. 2015

(a)

72.

A certain certificate will pay the owner $1000 in the year 2020. If money is worth 8% compounded semi-annually, how much must you pay for the certificate in: b. 2010

(a)

73.

A certain certificate will pay the owner $1000 in the year 2020. If money is worth 8% compounded semi-annually, how much must you pay for the certificate in: c. 2005

(a)

74.

Suppose Agnes invested the $1000 at 10% when she was 25. How much would it be worth when she is 65?

(a)

75.

You have $2500 to invest, at 6% compounded monthly, over a period of 10 years.

a)

$4,548.49

b)

$14,923.31

c)

$8,250.97

76.

You have $2500 to invest, at 12% compounded monthly, over a period of 10 years.

a)

$4,548.49

b)

$14,923.31

c)

$8,250.97

77.

You have $2500 to invest, at 18% compounded monthly, over a period of 10 years.

a)

$4,548.49

b)

$14,923.31

c)

$8,250.97

78.

What simple interest rate would give you the same return as 6% compounded monthly?

a)

6.17%

b)

6.5%

c)

6%

79.

The Grinders plan to save for their child’s education by depositing $40 a month into a special savings plan which pays about 8% compounded monthly. a. How much would the annuity be worth after 1 year?

(a)

80.

The Grinders plan to save for their child’s education by depositing $40 a month into a special savings plan which pays about 8% compounded monthly. b. How much after 18 years?

(a)

81.

The Wests need $9000 for their child’s education 6 years from now. How much should they put aside every month if they hope to earn 8.5% compounded monthly?

a)

$9.626

b)

$96.26

c)

$196.26

82.

Imagine you wanted to be a millionaire 30 years from now. How much would you have to put into an annuity every year if you think you could earn 12% compounded yearly?

a)

$41,436.5

b)

$414.365

c)

$4,143.65

Ordinario Ing. Eco

Total questions: 82

Worksheet time: 5hrs 30mins

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