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Grade 8 Math MCQ

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Math Applications MCQ with Answers PDF

Math applications Multiple Choice Questions (MCQ) to solve math applications quiz answers PDF worksheet, 8th grade math test for online courses. Practice math applications Multiple Choice Questions and Answers (MCQs), Math Applications quiz questions PDF for online teaching certification programs. Math Applications MCQs PDF: taxation, percentage calculations, hire purchase test prep for online courses.

"To buy a home, Nelda borrowed $250,000 for 5 years and paid $60,000 simple interest on loan. The rate of interest he paid is" Multiple Choice Questions (MCQ) on math applications with choices 8.40%, 6.80%, 5.60%, and 4.80% for online teaching certification programs. Solve math applications quiz questions for online certificate programs for distance learning classes.

MCQs on Math Applications

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

8.40%
6.80%
5.60%
4.80%

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

$480,000
$460,000
$430,000
$410,000

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

inter bank exchange rate
compounded rate
the principal
interest rate

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

8.25 years
8 years
7.25 years
6.25 years

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. The amount he could borrow is

$4,432
$5,432
$6,532
$6,832