Question

Interest rates question. I will post the questions along with my answers below. Please check!

Answer 1

1. Interest is ____?. (1pt)
a. The amount of money your bank pays you for the use of only your money.
b. The amount you might pay for a loan.
c. A percentage rate.
d. All of the above. *

2. When calculating interest , you need too ______? (1pt)
a. Change the percentage to a decimal then multiply the decimal against the amount. *
b. Just multiply the percentage against the amount without changing it.
c. Add the percentage to the amount.
d. Subtract the percentage from the amount.

3. If you place $1,000.00 in a savings account with an interest rate of 3.25 % / Month , How much should you earn in interest at the end of the month?.
a. $ 3.25
b. $ 32.50*
c.$ 325.00
d.$ 0.33

4. If you placed $ 1,000.00 in a savings account with an interest rate of 4.5 % versus an account with 3.75 % interest , how much more could you earn in interest for that month?
a. $1.25 more
b. $12.50 more
c. $7.50 more *
d. $75.50 more

Answer 2

@Zelda Maybe you can help real quick.

Answer 3

1 is wrong

Answer 4

Why's that?

Answer 5

its b

Answer 6

I don't think so. An interest rate is A, B, and C. Just look at the other questions and you'll see.

Answer 7

Thanks but I don't think that's right. That makes no sense if only B was correct... just look at the other questions and you'd see that's wrong...

Answer 8

By the way I didn't type those questions, I just copied and pasted them from some other person. I didn't realize how bad the grammar was lol

Answer 9

@Nnesha No help? :(

Answer 10

grammar is bad for question 2