Math applications MCQs, math applications quiz answers for online elementary school courses. Math applications multiple choice questions (MCQs), math applications quiz questions and answers for online elementary education degree. Money exchange, hire purchase, personal and household finances, profit and loss percentage, taxation, math applications test prep for elementary school teaching certification.

Learn math MCQs: to buy a home, nelda borrowed \$250,000 for 5 years and paid \$60,000 simple interest on loan. rate of interest he paid is, with choices 8.40%, 6.80%, 5.60%, and 4.80% for online elementary education degree. Free math student portal for online learning math applications quiz questions, MCQs to find questions answers based online learning tests.

MCQ: To buy a home, Nelda borrowed \$250,000 for 5 years and paid \$60,000 simple interest on loan. rate of interest he paid is

1. 8.40%
2. 6.80%
3. 5.60%
4. 4.80%

D

MCQ: Ana borrowed \$250000 for 7 years at interest rate of 12% per year. amount she will pay at end of seven years is

1. \$480,000
2. \$460,000
3. \$430,000
4. \$410,000

B

MCQ: Amount of money lent or borrowed by investors is classified as

1. inter bank exchange rate
2. compounded rate
3. the principal
4. interest rate

C

MCQ: Rachel invested \$10000 at 8% per annum then time Rachel will take to make it \$15000 is

1. 8.25 years
2. 8 years
3. 7.25 years
4. 6.25 years

D

MCQ: Michael wants to borrow some money for 48 months at 11% interest per year and pay \$1950 in interest charges for his business expansion. amount he could borrow is

1. \$4,432
2. \$5,432
3. \$6,532
4. \$6,832

A