Unit Pre/Post Assessment
Quiz by Abby Burton
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8 questions
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- Q1What is the time period of Exact Interest?360 days a year300 days a year365 days a year120s
- Q2What is the time period of Ordinary Interest?365 days a year333 days a year360 days a year120s
- Q3If Michael buys a dresser for $1,360 cash price and makes a 25% down payment. How much did he finance?$1,020$1,385$1,335120s
- Q4If Steve is buying a dirt bike for $2,467 and he makes a down payment of $500. How much does he finance?$1,000$2,967$1,967120s
- Q5Find the amount in the account after 1 year: $350 for one year at 7.5%$262.50$26.25$376.25120s
- Q6Convert 5 1/2% into a decimal.50.55.055120s
- Q7What is an account statement?a list of all the items you purchasedinterest charged by a credit card companyauthorizes purchases120s
- Q8What is the formula to find the New Balance of an account statement?Previous balance + New purchases - PaymentsFinance charge + New purchases + Previous BalancePrevious balance + Finance charge + New purchases - (Payments + Credits)120s