Grades

Kindergarten

1st

2nd

3rd

4th

5th

6th

7th

8th

9th

10th

11th

12th

Higher Ed

Adult Ed

Other

Subjects

ELA

Math

Science

Social Studies

Art

Computer Science

French

German

Music

Physical Education

Spanish

Other

Private Library

Team Premium

*check*Rating- Date

Loans

| 8 Questions

Note from the author:

Personal Finance

1

1 pt

Derek Boone purchased an automobile sound system for $850 and financed it at 12% ordinary interest for 90 days. How much interest did he pay?

A $25.50

B $27.80

C $38.60

D $102.30

2

1 pt

Robert Hernandez purchased fishing equipment for $438.50. He made a 15% down payment and financed the remainder. How much did he finance?

A $65.78

B $372.73

C $498.50

D $622.39

3

1 pt

Barbara Morris purchased a dining room table and chairs for $2,305.60. She made a 35% down payment and financed the rest. How much was her down payment?

A $560.80

B $806.96

C $1,230.99

D $1,498.64

4

1 pt

Terri Naujock is purchasing a new computer system for $1,430.86 with an installment loan that has an APR of 12%. The store financing requires a 15% down payment and 12 monthly payments. What is the finance charge? The monthly payment is $8.88 per $100.

A.$17.89

B $79.77

C $84.26

D $214.63

5

1 pt

Susan Castro obtained a loan of $1,450 for a new air conditioner for her home. The interest rate is 13% and the monthly payment is $129.51. What is the interest on the first monthly payment?

A.$12.37

B $15.72

C $24.56

D $111.23

6

1 pt

Janet Murphy took out a simple interest loan at 9.5% interest for 12 months. Her previous balance is $890. What is the final payment if the loan is paid off with the next payment?

A.$892.37

B $895.43

C $897.05

D $987.50

7

1 pt

Michael LeBlanc took out a simple interest loan at 12.8% interest for 6 months. His previous balance is $235.40. What is his final payment if the loan is paid off with the next payment?

A.$237.91

B .$321.90

C $365.09

D $368.71

8

1 pt

Cathy Jones obtained a loan for $1,300 and promised to repay the loan in 12 months. The finance charge is $73.32. What is the APR?

A.10.00%

B 10.25%

C 10.50%

D 10.75%

Add to my formatives list