Interest Rates Practice

9.35% as a decimal is ???

If the APR is 4.45%, the increase multiplier is ????

If the multiplier is 0.985, the rate was

• .015%

• 15%

• 1.5%

• 98.5%

• 9.85%

If the value of an antique lost its value at a rate of 2.25% annually, what is the multiplier you would use to write a function?

If the APR is compounded semi-annually, the value of n is...

• 1

• 2

• 4

• 12

• 52

Given an APR of 6% compounded quarterly, which is the correct function for t years?

• $f\left(t\right)=P\left(1.015\right)^t$

• $f\left(t\right)=P\left(1.015\right)^{4t}$

• $f\left(t\right)=P\left(1.15\right)^t$

• $f\left(t\right)=P\left(1.15\right)^{4t}$

The correct adjusted rate for 18.5% APR compounded weekly is....

• 1.542%

• 1.85%

• 4.625%

• 0.3558%

Which statements are true for the following equation:

 $y=800\left(1+\frac{.18}{4}\right)^{12}$  

• The APR is 1.045%

• The APR is 18%

• The APR is 1.8%

• t = 12 years

• t = 3 years

In the formula below, what does the n stand for?

 $A=P\left(1+\frac{r}{n}\right)^{t\cdot n}$  

• Adjusted rate

• APR

• Amount compounded yearly

• Number of years

If the APR is compounded monthly, how many times is the interest paid in a 7 year period?