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