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The Math applications Multiple Choice Questions (MCQ Quiz) with Answers PDF, Math Applications MCQ PDF e-Book download to practice Grade 8 Math Tests. Learn Math Applications Multiple Choice Questions and Answers (MCQs), Math Applications quiz answers PDF to study online homeschool courses. The Math Applications MCQ App Download: Free learning app for taxation, percentage calculations, hire purchase test prep for online elementary school courses.

The MCQ: Ana borrowed \$250000 for 7 years at interest rate of 12% per year. amount she will pay at end of seven years is; "Math Applications" App Download (Free) with answers: \$480,000; \$460,000; \$430,000; \$410,000; to study online homeschool courses. Solve Math Applications Quiz Questions, download Google eBook (Free Sample) for online teaching certification programs.

## Math Applications MCQs: Questions and Answers

MCQ 1:

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

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

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

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

The 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
MCQ 4:

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

1. 8.25 years
2. 8 years
3. 7.25 years
4. 6.25 years
MCQ 5:

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

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