AFA-Final Exam 2025
Authored by Penelope Wright-Hill
English
11th Grade
CCSS covered
Used 3+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tags
CCSS.6.RP.A.3C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula represents simple interest?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the standard formula for compound interest when interest is compounded monthly?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A principal of $500 is invested at a simple interest rate of 4% per year for 3 years. What is the interest earned?
$60
$40
$50
$30
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If $1,000 is invested at an annual compound interest rate of 5% for 2 years, what is the total amount at the end of 2 years? (Round to the nearest dollar)
$1,100
$1,103
$1,053
$1,200
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT required to calculate simple interest?
Principal
Time
Interest rate
Number of compounding periods
Tags
CCSS.7.RP.A.3
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