MM-UNIT TEST PERCENTS(2-6)

Christine takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does not make any payments, how much interest will she owe at the end of 4 years?

• $1800

• $18000

• $16800

• $33000

Aiydan puts $5000 into a savings account with a 3% interest rate. The interest compounds yearly. How much money will he have in his account after 8 years?

• $150

• $5300

• $6333.85

• $40786.54

Keylaan takes out a $30000 loan for her new Ford Mustang. She will pay back the entire loan at the end of 8 years. It is a simple interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years?

Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

What is the principle? ​ (a)  

What is the rate? ​ (b)  

What is the time? ​ (c)  

• $5,000
• 5%
• 3 years

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

• $23,285.05
• $3,285.05
• $2,385
• $32,285

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

• $827.52
• $831.10
• $839.45
• $846.80

What is the total price of a book if Barnes and Nobles gets it for $4.25 and the markup is 30%?

• $55.25
• $1.28
• $5.53
• $4.38

Find the percent increase or decrease:

From 24 teachers to 30 teachers.

• 25% decrease

• 25% increase

• 20% decrease

• 20% increase

Find the percent increase or decrease:

From 20 miles to 11 miles.

• 45% decrease

• 45% increase

• 82% decrease

• 82% increase

Find the percent decrease if the original cost was $5 and the new cost is $1. 

• 4%

• 25%

• 80%

• 8%