- 1. I invested $5000 at 9.5% for 6 years - find the Interest gained.
A) $475
B) $2850
C) $28500
D) $285000
- 2. I invested $2000 at 11.5% for 3 years. How much money do I have at the end of the 3 years?
A) $71000
B) $2230
C) $2690
D) $2000
- 3. If I invested $4000, for 5 years and got $1600 in Interest - what was the interest rate?
A) 10%
B) 8%
C) 6%
D) 4%
- 4. If I invested $6000, for 6 years and had $7080 at the end of the investment term - what was the interest rate?
A) 2.5%
B) 7%
C) 3%
D) 5%
- 5. I invested $2000 at 5% and at the end of the term had $500 of Interest. How long was the investment for?
A) 5 years
B) 1 year
C) 2 years
D) 10 years
- 6. I received $3600 in interest at 5% for 8 years. What amount did I invest?
A) $3600
B) $9000
C) $8000
D) $10000
- 7. What is 9% as a decimal?
A) 1.09
B) 0.90
C) 9.00
D) 0.09
- 8. What is 5.5% as a decimal?
A) 1.055
B) 0.55
C) 5.5
D) 0.055
- 9. What is 18 months in years?
A) 2.33333 years
B) 1.33333 years
C) 2 years
D) 1.5 years
- 10. Rewrite 4 years and 3 months as a decimal only (how many years)
A) 4
B) 4.25
C) 4.75
D) 4.5
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