Unit Post Assessment
Quiz by Abby Burton
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10 questions
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- Q1Find the amount in the account after 1 year: $350 for one year at 7.5%$26.25$376.25$262.50120s
- Q2Convert 5 1/2% into a decimal.50.055.55120s
- Q3If Steve is buying a dirt bike for $2,467 and he makes a down payment of $500. How much does he finance?$1,000$1,967$2,967120s
- Q4If Michael buys a dresser for $1,360 cash price and makes a 25% down payment. How much did he finance?$1,385$1,335$1,020120s
- Q5What is the time period of Exact Interest?365 days a year360 days a year300 days a year120s
- Q6What is the time period of Ordinary Interest?333 days a year365 days a year360 days a year120s
- Q7What is an account statement?a list of all the items you purchasedauthorizes purchasesinterest charged by a credit card company120s
- Q8What is the formula to find the New Balance of an account statement?Previous Balance + New Purchases - PaymentsPrevious Balance + Finance Charge + New Purchases - (Payments + Credits)Finance Charge + New Purchases + Previous Balance120s
- Q9A dress is on sale for 30% off. The regular selling price was $84.98. What is the new discounted price?$110.47$59.49$25.49120s
- Q10A blender that usually sells for $55.60 is now on sale for $38.40. What is the discounted price?$94$17.20$20120s