A customer will borrow $12,000 to buy a car. Which loan option would allow the customer to pay the least amount of interest?
Last Unit EXAM

Quiz
•
Mathematics
•
8th Grade
•
Medium
Sarah Walker
Used 4+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A 4-year loan with a 5.2% annual simple interest rate
A 5-year loan with a 4.2% annual simple interest rate
A 6-year loan with a 4.7% annual simple interest rate.
A 3-year loan with an 8.4% annual simple interest rate
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A student's parents invested $5,000 in a college savings account that pays 4.85% annual simple interest. No additional deposits or withdrawals will be made.
Which amount is closest to the interest earned on the account at the end of 15 years?
$5174.11
$10,174.11
$3,637.50
$8,637.50
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ben deposits $1,750 into each of the two savings accounts.
-Account 1 earns 2.75% annual simple interest
-Account 2 earns 2.75% interest compounded annually.
Ben does not make any additional deposits or withdrawals. Which amount is closest to the difference between the interest Ben earned in Account 1 and the interest Ben earned in Account 2 at the end of 2 years?
$96.25
$1.32
$97.58
$193.82
4.
MULTIPLE SELECT QUESTION
5 mins • 1 pt
Choose ALL graphs that have a non-linear trend.
YOU WILL HAVE MORE THAN ONE ANSWER CHOICE SELECTED.
1
2
3
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5
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
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