After First Term Review Quiz

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Tags

CCSS.3.MD.A.1

Change 6.75% to a decimal.

• 67.5
• .675
• 675
• .0675

Tags

CCSS.5.NBT.A.3

Pemba was given Rs2000 when he turned 3 years old. His parents invested it at a 12% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Pemba had in the account when he turned 6?

• 2000(1+0.12)³

• 2000(1-0.12)³

• 2000(1+0.12)⁶

• 2000(1-0.12)⁶

What is the correct definition of interest?

• money paid to you by a bank for the money you have in a bank account

• put into a bank account

• to borrow something

 $A=P\left(1+\frac{r}{100}\right)^n$  What does the n stand for in this formula?

• The number of times compounded per year

• Final amount

• Rate

• Time

Annu puts Rs300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?

• 4

• 8

• 12

• 16

You lend Rs240 to your friend. He pays you back Rs30 in interest in one year. What interest rate did you charge your friend?

• 88%

• 20%

• 12.5%

• 10%

What does the rate have to be in?

• scientific notation

• negative integers

• positive integers

• decimal

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

Which of the following compound rate has more interest for a year?

• Semi-Annually < Annually

• Semi-Annually > Annually

• Semi-Annually = Annually

• Semi-Annually $\ne$ Annually

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

• $1,584.62

• $2,651.39

• $2,706.86

• $1,825.10