Question 1
1 / 1 point
The exact number of days between January 25, 2012 and March 25, 2012 is?
A) 60 days
B) 62 days
C) 63 days
D) 61 days
E) 59 days
Question 2
1 / 1 point
Calculate the amount of interest if $2000.00 is invested at 6% for 200 days.
A) $54.25
B) $65.75
C) $6575.34
D) $240.00
E) $120.00
Question 3
Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.
1 / 1 point
A) $10 587.50
B) $111.65
C) $158.65
D) $105.88
E) $1058.75
Question 4
1 / 1 point
What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a
maturity value of $6000?
A) 811.11%
B) 8.11%
C) 0.811%
D) 81.11%
E) 0.0811%
Question 5
1 / 1 point
What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned $222 in
interest?
A) 21.19%
B) 17.19%
C) 16.19%
D) 29.19%
E) 19.16%
Question 6
0 / 1 point
You have $6500 invested in a 30-day savings certificate at an interest rate of 2.00%. How much money will
you have when the certificate matures?
A) $5985.12
B) $6510.83
C) $6600.68
D) $6510.68
E) $10.68
Question 7
1 / 1 point
How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are able
to earn 9.52% on your money?
A) $4358.86
B) $3845.86
C) $4386.85
D) $3458.86
E) $3485.86
Question 8
0 / 1 point
You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is 6.52%.
What is the size of the cheque that you write today to pay off all of your debt?
A) $3481.33
B) $4381.33
C) $3581.33
D) $3381.33
E) $3814.33
Question 9
What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?
1 / 1 point
A) $0
B) $1198
C) $9.98
D) $119.80
E) $99.83
Question 10
1 / 1 point
John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the
Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of
credit in 11 months. How much did he pay in total?
A) $20 733
B) $21 198
C) $20 800
D) $20 737
E) $20 837
Question 11
1 / 1 point
The interest earned on a $6000 investment was $240. What was the term in months if the interest rate was
6%?
A) 9 months
B) 4 months
C) 12 months
D) 8 months
E) 7 months
Question 12
1 / 1 point
Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013.
What is the interest due on repayment date?
A) $540.20
B) $543.90
C) $532.80
D) $536.50
E) $529.10