Class 8 math Practice Tests

Class 8 Math Online Tests

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The 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* PDF, "Math Applications" App Download (Free) with 8.40%, 6.80%, 5.60%, and 4.80% choices for online teaching certification programs. Solve math applications quiz questions, download Google eBook (Free Sample) for distance learning classes.

**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

A) 8.40%

B) 6.80%

C) 5.60%

D) 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

A) $480,000

B) $460,000

C) $430,000

D) $410,000

b

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

A) inter bank exchange rate

B) compounded rate

C) the principal

D) interest rate

c

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

A) 8.25 years

B) 8 years

C) 7.25 years

D) 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

A) $4,432

B) $5,432

C) $6,532

D) $6,832

a

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Taxation MCQs

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