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Q 1/6
Score 0
Clarissa needs a $2,500 loan to buy a car.Which loan option would allow her to pay the least amount of interest?
60
A 36-month loan with a 4.50% annual simple interest rate
A 30-month loan with a 4.00% annual simple interest rate
An 18-month loan with 4.75% annual simple interest rate
A 24-month loan with a 4.25% annual simple interest rate
Q 2/6
Score 0
Celeste is taking out a loan in the amount of $10,000. Her choices for the loan are a 4 year loan at 4% simple interest and a 6 year loan at 5% simple interest. What is the difference in the amount of interest Celeste would have to pay for each of these two loans?
300
$3,000
$1,600
$4,600
$1,400
6 questions
Q.
Clarissa needs a $2,500 loan to buy a car.Which loan option would allow her to pay the least amount of interest?
1
60 sec
Q.
Celeste is taking out a loan in the amount of $10,000. Her choices for the loan are a 4 year loan at 4% simple interest and a 6 year loan at 5% simple interest. What is the difference in the amount of interest Celeste would have to pay for each of these two loans?
2
300 sec
Q.
An employee put $5,000 down in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals . Which amount is closest to the interest the employee will have earned at the end of 5 years?
3
120 sec
Q.
An investor puts $2,500 into a life insurance policy that pays 8.5 % simple annual interest . If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?
4
60 sec
Q.
Ms. Perez deposited $2,500.00 in a new account at his bank. The bank pays 6.5% interest compounded annually on this account. Ms. Perez makes no additional deposits or withdrawals. Which amount is closest to the balance of the account at the end of 2 years?
5
60 sec
Q.
Jacob opened a simple interest account with a deposit of $5,000. He did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500. What is the annual interest rate on this account?
