by alex
In the age of digital finance, mastering the math behind online banking is more important than ever. This quiz will challenge your understanding of interest rates, transaction fees, and budgeting strategies, ensuring you are well-equipped to handle your online banking needs with confidence. Dive in and see how well you can navigate the numbers behind your bank account!
Online Banking Math Quiz Questions Overview
1. If you have $1,000 in a savings account with an annual interest rate of 2%, how much interest will you earn in one year?
$10
$20
$50
$100
2. You have $500 in your checking account. If you spend $150 on groceries and $200 on utilities, how much will you have left?
$150
$200
$250
$100
3. If you transfer $300 to a friend and your bank charges a 1% fee, how much will the fee be?
$3
$30
$0.30
$10
4. You have a credit card balance of $1,200 with an annual interest rate of 18%. How much interest will you accrue in one month?
$18
$21
$1.80
$36
5. If you deposit $1,500 into a savings account with a 3% annual interest rate, how much will you have after one year?
$1,545
$1,530
$1,500
$1,560
6. You have a loan of $5,000 with an annual interest rate of 5%. How much interest will you owe after one year?
$250
$500
$100
$50
7. If you have a balance of $2,000 and you withdraw $500, what percentage of your balance did you withdraw?
25%
20%
50%
10%
8. You have $800 in your account. If you deposit an additional $200, what will be your new balance?
$1,000
$900
$1,200
$800
9. If your bank charges a $15 monthly maintenance fee, how much will you pay in fees over a year?
$150
$180
$200
$120
10. If you earn $50 in interest on a $1,000 investment over one year, what is the annual interest rate?
5%
10%
2%
8%
