Name___________________
Math 199
Ch 4 Review/Quiz
1
Direction:
Work problems out completely.
No work no credit.
Write neatly so I can read it.
Make
sure you go in one direction(left-right or up-down).
Circle final answers.
Each is worth
2 points.
If you use a calculator, write down what the screen look likes, in space provided.
1.
Allan borrowed $ 6000 from his father to buy a car. He repaid him after
______ with
interest of
____% per year. Find the total amount he repaid.
a.
2 yrs, 8% C D
b.
1.5 yrs, 3% C_C.
c.
9 mths, 11% SI.
N=
I%=
PV=
PMT=
FV=
P/Y=
C/Y=
PMT=END
BEGIN
2.
An amount of $2000 is invested in a ______ trust fund that pays 5.2% per year. What is
the total amount of the trust fund at the end of _____?
How much interest did you earn?
N=
I%=
PV=
PMT=
FV=
P/Y=
C/Y=
PMT=END
BEGIN
Abbreviations:
Months=mths, Years=yrs
Simple Interest=SI, Compound Interest=C
Annually=A, Semiannually=S, Quarterly=Q, Monthly=M, Daily=D.
Compounded Continuously=C_C

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