2.1-2.5 Tests 2024

Last updated about 1 year ago

24 questions

2.1-2.5 Tests 2024

Last updated about 1 year ago

24 questions

Find the simple interest on a loan that has a $21,000 principal, deposited for 5 years at a rate of 3.25%.

Katie has a checking account that has a balance of $1,025.53 in her check register. Not reported on her statement are some outstanding deposits totaling of $500.23 and some outstanding checks totaling $399.54. The balance on the bank statement is $863.84. Using these transactions, reconcile her account. Is her check register reconciled?

Spongebob deposited $7,000 in a CD account that pays 3.75% interest, compounded daily. What is the ending balance after 8 years?

Determine the APY if you deposit $62,000 for 7 years compounded daily at 5%. Round to the nearest hundredth. (2 decimal places)

Thor deposits $14,000 into a 5-year CD at an interest rate of 6.7%, compounded weekly.
How much interest did the account earn after 5 years?

Loki deposited $2,100 in an account that yields 4.65% interest, compounded semiannually. How much is in the account after 65 months?

You want to deposit 3 checks worth $119.18, $65.00, and $16.35. You also want to take out $40 cash. How much money do you have in your account if your starting balance (before the transactions) was $489.81?

Did the account reconcile?

Draggable item		Corresponding Item
debit		money paid to bank when they lend you money because account balance is below zero.
overdraft fee		a printed/electronic account record of debits, credits and interest over a certain amount of time
account number		unique set of numbers assigned to an account holder
bank statement		amount removed from an account to pay for goods or services

Maria needs to deposit $45,000 into a CD that will be compounded monthly. She has been offered a 3.2% interest rate for 4 years. What will her APY be?

What is the revised balance?

Ending Balance $889.10
Deposits $120.00
Outstanding Checks $782.56
Revised Balance _??????__
Check Register $326.54

Heather has $78 and is going to save $4 per day for the next 73 days. How much money will she have in 73 days?

Wells Fargo Bank charges a $35 per check overdraft protection fee. On July 7, Nancy had $1,300 in her account. Over the next four days, the following checks arrived for payment at her bank:
July 8, $580.15
July 10, $670 and $125.67
July 11, $140
July 12, $85.60.

How much will she pay in overdraft protection fees?

How much will be in her account after all the checks have cleared(including fees as well)?

Find the rate if someone earned $650 for simple interest given a principal of $4,000 over 5 years. Round to the nearest hundredth.

How long will it take $2,000 to earn $450 with a 4.9% interest? Round to the nearest tenth.

What is the balance after you put $11,000 on a CD, at 6.75% for four years simple interest?

Eli currently has $385.61. He spent $15 at Starbucks, $19 at the donuts shop, and $71 at Verizon. He deposited a check from his dad for $170.00. He wrote three checks for $49.51, $56.78, and $41.00. How much will Eli have in her account after all of the transactions clear her bank?

What will the account balance be at the end of Sara's check register?

Valerie went to the bank to deposit three checks for the amounts of $178.00, $619.90, and $80.36. She wants to receive $95 back in cash. How much is she depositing?

Jonathan estimates that it will cost $210,000 to send his newborn son to college in 18 years. He currently has $85,000 to deposit in an account. What simple interest rate would he need so that $85,000 grows into $210,000 in 18 years? Round to the nearest percent.

Jason and Julie have a joint checking account with a balance of $698.93. During the week, Jason goes to an ATM and withdraws $500. The following week, Julie deposited her paycheck of $1,534.25. Jason then pays bills online in the amounts of: $805.40, $395, $22.45, and $189.55. That same week, they also paid a maintenance fee of $22. What is the current balance in their checking account?

Fargo wants a new Playstation 5 for Christmas. He has $217. How much money does he need to deposit daily if it will cost him $550 to buy one in 38 days?

Draggable item		Corresponding Item
1		personal information
5		Payee
11		amount/dollar box
9		amount/word format
2		purpose of check, reminder
3		date
10		signature line
7		bank information
6		routing number
4		bank account number
8		check number

Draggable item		Corresponding Item
1		personal information
5		Payee
11		amount/dollar box
9		amount/word format
2		purpose of check, reminder
3		date
10		signature line
7		bank information
6		routing number
4		bank account number
8		check number

2.1-2.5 Tests 2024

2.1-2.5 Tests 2024

Find the simple interest on a loan that has a $21,000 principal, deposited for 5 years at a rate of 3.25%.

Spongebob deposited $7,000 in a CD account that pays 3.75% interest, compounded daily. What is the ending balance after 8 years?

Determine the APY if you deposit $62,000 for 7 years compounded daily at 5%. Round to the nearest hundredth. (2 decimal places)

Thor deposits $14,000 into a 5-year CD at an interest rate of 6.7%, compounded weekly.How much interest did the account earn after 5 years?

Loki deposited $2,100 in an account that yields 4.65% interest, compounded semiannually. How much is in the account after 65 months?

You want to deposit 3 checks worth $119.18, $65.00, and $16.35. You also want to take out $40 cash. How much money do you have in your account if your starting balance (before the transactions) was $489.81?

Did the account reconcile?

Maria needs to deposit $45,000 into a CD that will be compounded monthly. She has been offered a 3.2% interest rate for 4 years. What will her APY be?

What is the revised balance? Ending Balance $889.10Deposits $120.00Outstanding Checks $782.56Revised Balance _??????__Check Register $326.54

Heather has $78 and is going to save $4 per day for the next 73 days. How much money will she have in 73 days?

How much will she pay in overdraft protection fees?

How much will be in her account after all the checks have cleared(including fees as well)?

Find the rate if someone earned $650 for simple interest given a principal of $4,000 over 5 years. Round to the nearest hundredth.

How long will it take $2,000 to earn $450 with a 4.9% interest? Round to the nearest tenth.

What is the balance after you put $11,000 on a CD, at 6.75% for four years simple interest?

Eli currently has $385.61. He spent $15 at Starbucks, $19 at the donuts shop, and $71 at Verizon. He deposited a check from his dad for $170.00. He wrote three checks for $49.51, $56.78, and $41.00. How much will Eli have in her account after all of the transactions clear her bank?

What will the account balance be at the end of Sara's check register?

Valerie went to the bank to deposit three checks for the amounts of $178.00, $619.90, and $80.36. She wants to receive $95 back in cash. How much is she depositing?

Jonathan estimates that it will cost $210,000 to send his newborn son to college in 18 years. He currently has $85,000 to deposit in an account. What simple interest rate would he need so that $85,000 grows into $210,000 in 18 years? Round to the nearest percent.

Fargo wants a new Playstation 5 for Christmas. He has $217. How much money does he need to deposit daily if it will cost him $550 to buy one in 38 days?

Find the simple interest on a loan that has a $21,000 principal, deposited for 5 years at a rate of 3.25%.

Spongebob deposited $7,000 in a CD account that pays 3.75% interest, compounded daily. What is the ending balance after 8 years?

Determine the APY if you deposit $62,000 for 7 years compounded daily at 5%. Round to the nearest hundredth. (2 decimal places)

Thor deposits $14,000 into a 5-year CD at an interest rate of 6.7%, compounded weekly.How much interest did the account earn after 5 years?

Loki deposited $2,100 in an account that yields 4.65% interest, compounded semiannually. How much is in the account after 65 months?

You want to deposit 3 checks worth $119.18, $65.00, and $16.35. You also want to take out $40 cash. How much money do you have in your account if your starting balance (before the transactions) was $489.81?

Did the account reconcile?

Maria needs to deposit $45,000 into a CD that will be compounded monthly. She has been offered a 3.2% interest rate for 4 years. What will her APY be?

What is the revised balance? Ending Balance $889.10Deposits $120.00Outstanding Checks $782.56Revised Balance _??????__Check Register $326.54

Heather has $78 and is going to save $4 per day for the next 73 days. How much money will she have in 73 days?

What information goes in each location of the check?

How much will she pay in overdraft protection fees?

How much will be in her account after all the checks have cleared(including fees as well)?

Find the rate if someone earned $650 for simple interest given a principal of $4,000 over 5 years. Round to the nearest hundredth.

How long will it take $2,000 to earn $450 with a 4.9% interest? Round to the nearest tenth.

What is the balance after you put $11,000 on a CD, at 6.75% for four years simple interest?

Eli currently has $385.61. He spent $15 at Starbucks, $19 at the donuts shop, and $71 at Verizon. He deposited a check from his dad for $170.00. He wrote three checks for $49.51, $56.78, and $41.00. How much will Eli have in her account after all of the transactions clear her bank?

What will the account balance be at the end of Sara's check register?

Valerie went to the bank to deposit three checks for the amounts of $178.00, $619.90, and $80.36. She wants to receive $95 back in cash. How much is she depositing?

Jonathan estimates that it will cost $210,000 to send his newborn son to college in 18 years. He currently has $85,000 to deposit in an account. What simple interest rate would he need so that $85,000 grows into $210,000 in 18 years? Round to the nearest percent.

Fargo wants a new Playstation 5 for Christmas. He has $217. How much money does he need to deposit daily if it will cost him $550 to buy one in 38 days?

What information goes in each location of the check?

Thor deposits $14,000 into a 5-year CD at an interest rate of 6.7%, compounded weekly.
How much interest did the account earn after 5 years?

What is the revised balance?

Ending Balance $889.10
Deposits $120.00
Outstanding Checks $782.56
Revised Balance _??????__
Check Register $326.54

Thor deposits $14,000 into a 5-year CD at an interest rate of 6.7%, compounded weekly.
How much interest did the account earn after 5 years?

What is the revised balance?

Ending Balance $889.10
Deposits $120.00
Outstanding Checks $782.56
Revised Balance _??????__
Check Register $326.54