Free Finastra Math Assessment Test Questions and Answers

Question 1

What is 7.25% expressed in decimal form?

Accepted Answer

0.0725

Answer

0.725

Answer

.725

Answer

7.25

Question 2

Decimalize 150% to get its value.

Accepted Answer

1.5

Answer

0.15

Answer

15

Answer

0.15

Question 3

Which of these situations calls for the use of the formula A=Pert?

Accepted Answer

Continuously

Answer

Daily

Answer

Monthly

Answer

Quarterly

Question 4

If interest is compounded every month, what is "n"?

Accepted Answer

12

Answer

365

Answer

2

Answer

4

Question 5

If interest is compounded every quarter, what is "n"?

Accepted Answer

4

Answer

2

Answer

12

Answer

1

Question 6

How much money would you have after four years if you invested $300 at 6% compounded continuously?

Accepted Answer

$381.37

Answer

$381.15

Answer

$381.14

Answer

$1,274.01

Question 7

You are paying $990 for a television with 9% sales tax. How much will the TV cost in the end?

Accepted Answer

$1,079.10

Answer

$1,881.00

Answer

$1,079.00

Answer

$1,709.1