Personal Finance Quiz 1(Review)

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
Standards-aligned
Ron Jaegle
Used 9+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Mike and Aria went out to eat at Evviva in Lisle. The bill for the two of them was $28.56. The server did a good job and therefore Mike and Aria decide to leave a 15% tip. Approximately how much tip should they leave?
$10.00
$20.00
$15.00
$5.00
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a credit card?
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
A card that has a set balance that you can only use at one place.
A card with the money from your checking account.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Annual Percentage Rate (APR) is the yearly percentage rate of the interest charged.
True
False
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emily charges $60 to her Mastercard with a 26% APR. How much will she owe (charges + interest) at the end of the first month if she does not pay off the entire balance?
$72.60
$61.30
$55.90
$156.00
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Daven put $800 into a savings account that pays 2% annual interest. How much will be in the account after 6 months?
$808
$816
$16
$8
7.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
What is the APR for a credit card that charges 3% monthly interest?
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