Financial Fundamentals Mastery

If you invest $500 at a simple interest rate of 5% per year, how much interest will you earn in 3 years?

• $75

• $25

• $100

• $150

Tags

CCSS.7.RP.A.3

What is the compound interest on $1000 at a rate of 4% per annum compounded annually after 2 years?

• $40

• $81.60

• $80

• $108

Tags

CCSS.HSF.BF.A.2

• $800

• $1000

• $500

• $200

Tags

CCSS.7.EE.B.3

Which of the following is considered an asset?

• Car loan

• Credit card debt

• Savings account

• Mortgage

• $100,000

• $150,000

• $250,000

• $400,000

Tags

CCSS.7.EE.B.3

• $30,000

• $70,000

• $20,000

• $50,000

Tags

CCSS.6.NS.C.5

What is the simple interest on a loan of $2000 at a rate of 6% for 4 years?

• $480

• $120

• $240

• $360

Tags

CCSS.7.RP.A.3

If you deposit $1500 in a savings account with a compound interest rate of 3% per year, how much will the account have after 5 years?

• $1738.49

• $1500

• $1590

• $1650

What is the total amount of money you will have after 1 year if you invest $1000 at a simple interest rate of 2% per annum?

• $1020

• $1200

• $1000

• $1040

Tags

CCSS.HSF.BF.A.2

Which of the following is a liability?

• Your personal car

• Your student loan

• Your retirement account

• Your jewelry