# Math Applications MCQ Questions with Answers PDF Download eBook

Math applications Multiple Choice Questions (MCQ) to practice math applications quiz answers PDF, 8th grade math worksheets for online degrees. Solve math applications Multiple Choice Questions and Answers (MCQs), "Math Applications" quiz questions PDF for online teaching certification programs. Learn taxation, percentage calculations, hire purchase, math applications 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 mean median mode 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 PDF Download eBook

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%

D

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

B

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

- inter bank exchange rate
- compounded rate
- the principal
- interest rate

C

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

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. The amount he could borrow is

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

A