Chapter 12 Quiz Review

What is APY?

• The cost of the stock

• The amount of interest

• The annual percentage yield

• The amount of $1.00

Tags

CCSS.7.RP.A.3

Tesla stock is selling for $128.52 per share. If you choose to buy 15 shares and commission is 3%, how much is the total paid?

• $1,927.80

• $57.83

• $1,985.63

• $131.52

Answer explanation

First find the cost of the stock.

Then multiply the percentage by the cost of the stock.

Add that answer to step 1.

Tags

CCSS.7.RP.A.3

What is a CD?

• A music disk from the 90's.

• A savings account

• A savings account that earns interest at a higher rate.

• A type of stock

You plan to invest $12,500 into a 1 year certificate of deposit. The interest rate is 6.25% that will be compounded daily. Find the interest earned.

• $13,306.11

• $806.11

• $781.25

• $78,125.00

Answer explanation

Use the table to find the amount of $1.00 to multiply by the principal.

Subtract this answer from the principal to get the interest earned.

You invest $16,500 into a 6 year certificate of deposit. The interest rate is 8.5% compounded monthly. What is the APY?

• $17,958.45

• $1,458.45

• .0884

• 8.84%

Answer explanation

First find the amount of interest.

Divide the interest by the original principal or amount invested.

Multiply your answer by 100 and put a % sign.

What is a "stock"?

• A type of interst

• Buying ownership in a business or company

• The amount of ownership you have in the company

• The APY

What is a "share"?

• Buying ownership of a company or business

• The APY

• The amount of ownership you have purchased in a business or company

• The interest amount of $1.00

Tags

CCSS.3.NF.A.3A

CCSS.3.NF.A.3B

CCSS.4.NF.A.1

You buy 10 shares of Google stock at $97.15 per share, and 15 shares of Amazon stock at $112.39 per share. If the commission was $28.50 for the transactions, what was the total amount paid?

Tags

CCSS.7.NS.A.3