Class 8 math Practice Tests

Class 8 Math Online Tests

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.

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**

- 8.40%
- 6.80%
- 5.60%
- 4.80%

d

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**

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

b

MCQ 3:

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

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

c

MCQ 4:

**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 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**

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

a

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