пятница, 13 июля 2018 г.

Test. Credit - 3

Before proceeding to the solution of examples and problems be sure to read the theoretical part of the lesson 

Credit - 3

The table below shows the monthly repayments on loans from 1 year up to 5 years, with and without payment protection.
 1. What is the monthly repayment on a £5000 loan over 36 months with protection?

 а)  £160.01;      
 b£164.01;     
 c£158.01;      
 d£162.01.

 2. What is the monthly repayment on a £3000 loan over 24 months with protection?

 а£141.05;      
 b£139.15;     
 c)  £139.65;      
 d£135.65.

 3. What is the monthly repayment on a £15000 loan over 60 months with protection?

 а£301.86;      
 b£305.86;     
 c£303.46;      
 d)  £303.86.

 4. What is the monthly repayment on a £10000 loan over 12 months with protection?

 а£871.83;      
 b)  £879.83;     
 c£879.23;      
 d£883.83.

 5. How much more will the monthly repayment on a £3000 loan with protection over 36 month cost that without protection?

 а£2.91;      
 b£2.41;     
 c)  £2.71;      
 d£3.71.

 6. How much more will the monthly repayment on a £25000 loan with protection over 48 month cost that without protection?

 а)  £3.91;      
 b£3.99;     
 c£3.51;      
 d£4.91.

 7. If Carl borrows £5000 over 60 months with protection for a holiday to Italy, how much money will he pay back in total? How much interest will he pay in total?
 а£6160, £1160;     
 b£6265, £1165;     
 c)  £6165, £1165;     
 d£6165, £1169.

 8. If Sunita borrows £15000 for a new car over 36 months without protection, how much money will she pay back in total? How much interest will she pay in total?

 а)  £16939.08, £1939.08;     
 b£16929.08, £1939.08;    
 c£16939.08, £1939.98;     
 d£16935.08, £1935.08.

 9. If you borrow £1000 over 24 months without protection, how much money will she pay back in total? How much interest will she pay in total?

 а£1121.12, £121.12;     
 b£1111.12, £111.12;     
 c£1119.92, £119.92;     
 d)  £1119.12, £119.12.

10. If you borrow £10000 over 60 months with protection, how much more will it cost you in total than borrowing the money without protection?

 а£157.80;      
 b)  £157.20;     
 c£161.20;      
 d£151.20.

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