Loan payments Quiz
10 questions · easy to harder · Algebra 2 · score and step-by-step answers
How it works
- 10 questions, about 20 minutes (a timer counts down; you can hide it). Solve it right here: no sign-up.
- 5 questions have choices. For the others you type the answer: a number like 4, −2, 7/2 or 3.5, or for example x = 4, x = 2 or x = −3, (3, 5), 2x + 1. Use ^ for powers (x^2) and sqrt for √. Any form with the same value counts (7/2 = 3.5).
- One question at a time: Back, Next, Mark for review and the question list at the bottom. A calculator is on the screen.
- At the end: your percent and grade, every question right or wrong, why a wrong choice is wrong, and its step-by-step solution. Then practise the lesson with new questions.
Your answers and results are kept in this browser only, so you can close the page and come back.
1 Question 1
A car loan of $15,000 at 6% for 5 years is paid monthly. Find the monthly payment.- A) PMT = $250
- B) PMT = $6
- C) PMT = $0.0612
- D) PMT = $290.00
2 Question 2
A loan of $5,000 at 12% for 2 years is paid monthly. Find the monthly payment.Type the answer.
3 Question 3
A loan of $8,000 at 9% for 3 years is paid monthly. Find the monthly payment.- A) $222.222222
- B) PMT = $254.40
- C) PMT = $0.0912
- D) PMT = $9
4 Question 4
A student loan of $12,000 at 4.8% for 10 years is paid monthly. Find the monthly payment.Type the answer.
5 Question 5
A home loan of $150,000 at 4.5% for 30 years is paid monthly. Find the monthly payment.- A) PMT = $0.04512
- B) PMT = $4.5
- C) PMT = $760.03
- D) $416.666667
6 Question 6
A personal loan of $6,000 at 10.2% for 3 years is paid monthly. Find the monthly payment.Type the answer.
7 Question 7
A loan of $3,600 at 15% for 2 years is paid monthly. Find the monthly payment.- A) PMT = $0.1512
- B) PMT = $150
- C) PMT = $174.56
- D) PMT = $15
8 Question 8
A car loan of $15,000 at 6% for 5 years is paid monthly. Find the monthly payment and the total interest.Type the answer.
9 Question 9
A mortgage of $120,000 at 4.8% for 25 years is paid monthly. Find the monthly payment and the total interest.- A) PMT = $400
- B) PMT = $687.60
- C) PMT = $4.8
- D) PMT = $0.04812
10 Question 10
A car loan of $22,000 at 2.4% for 4 years is paid monthly. Find the monthly payment and the total interest.Type the answer.