Math Assignment - 10 Questions

this is a math assignment with 10 questions

8 multiple choice and 2 word problems


If P = $49,236.45 , R = 10,5% , and T = 2 years , estimate I.


$10,000


$600


$120,000


$50,000


Question 2
10 Points
Find the APR (rounded to one decimal place of a percent) for the loan. Purchase a dining table set for $2400 at 6.2% add-on interest for 4 years.


1.0%


0.1%


12%


12.1%


12.4%


Question 3
10 Points
What number is 120% of 16?


18.2


19.2


14


10


19.5


Question 4
10 Points
If I = $398.90, R = 9.85% , and T = 1 year, estimate P

Math Assignment - 10 Questions

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$400


$40


$40,000


$4,000


Question 5
10 Points
If a loan is held for 450 days, then T is about


450 years


4 over 5 years


3 years


1 1 fourth years


Question 6
10 Points
Calculate the amount of simple interest earned.

$1300 at 7.2% for 4 years.


$375


$3,740.40


$374.00


$374.40


$37.44


Question 7
10 Points
Change the given form into fraction.

0.045


7 over 20


9 over 20


7 over 200


9 over 200


9 over 2


Question 8
10 Points
If $15,000 is invested at 7 1 half percent sign for 10 years, find the future value if the interest is compounded monthly. Please round the answer to the nearest cent ( two decimal places ). Enter only the number without $ sign.

$ Blank 1

Blank 1
Add your answer

Question 9
10 Points
$1478 borrowed at 26% simple interest. What is the total amount to be repaid 63 days later? 1 year = 360 days

Enter only the number, round your answer to two decimal places.

Answer : $ -----------------------------------

Add your answer

Question 10
10 Points
Convert the given credit card rate to APR ( rounded to the nearest whole number}

In Arizona 1 1 third percent signper month. Enter only the number.

Answer : -------------------------------- %


12


480


9


16

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