11th Edition Test Bank for Super Vision and
Instructional Leadership A Developmental
Approach all Questions Answered
Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago.
Given that the investment yields 2.7% simple interest annually, how big was the initial
deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88 - ANS✔✔--C
Consider the following incomplete deposit ticket:
What was Art's total deposit?
a.
$1,701.23
b.
$1,545.83
c.
$1,856.63
d.
$1516.35 - ANS✔✔--B
Mary and Lewis each open a savings account at the same time. Mary invests $3,700 in
an account yielding 3.2% simple interest, and Lewis invests $3,000 in an account
yielding 5.9% simple interest. After fifteen years, who has the greater total amount of
money, and how much greater is it?
a.
Lewis has $879 more than Mary.
b.
Lewis has $179 more than Mary.
c.
Mary has $776 more than Lewis.
d.
Mary has $345 more than Lewis. - ANS✔✔--B
Which of these can be considered "online banking?"
I. A brick-and-mortar bank that allows its customers to transfer money online.
II. A bank that has only a few branches but has customers depositing money online.
, III. A bank that does not exist as a real building, but only has an internet presence.
a.
I and II
b.
II and III
c.
III only
d.
I, II, and III - ANS✔✔--D
Orlando invested $16,000 in an eight-year CD bearing 6.5% simple annual interest, but
needed to withdraw $3,500 after five years. If the CD's penalty for early withdrawal was
one year's worth of interest on the amount withdrawn, when the CD reached maturity,
how much less money did Orlando earn total than if he had not made his early
withdrawal?
a.
$227.50
b.
$682.50
c.
$910.00
d.
$455.00 - ANS✔✔--C
Which of the following must be present for a check to be legitimate?
I. Your signature
II. A memo or note
III. The payee
a.
I and II
b.
III only
c.
I and III
d.
I, II, and III - ANS✔✔--C
In the formula I=P·r·t, what does P stand for?
a.
Percent: the interest rate expressed as a percentage
b.
Principal: the amount of money you initially invested
c.
Period: how often the interest is calculated
d.
Payout: how much money you end up with - ANS✔✔--B
Instructional Leadership A Developmental
Approach all Questions Answered
Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago.
Given that the investment yields 2.7% simple interest annually, how big was the initial
deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88 - ANS✔✔--C
Consider the following incomplete deposit ticket:
What was Art's total deposit?
a.
$1,701.23
b.
$1,545.83
c.
$1,856.63
d.
$1516.35 - ANS✔✔--B
Mary and Lewis each open a savings account at the same time. Mary invests $3,700 in
an account yielding 3.2% simple interest, and Lewis invests $3,000 in an account
yielding 5.9% simple interest. After fifteen years, who has the greater total amount of
money, and how much greater is it?
a.
Lewis has $879 more than Mary.
b.
Lewis has $179 more than Mary.
c.
Mary has $776 more than Lewis.
d.
Mary has $345 more than Lewis. - ANS✔✔--B
Which of these can be considered "online banking?"
I. A brick-and-mortar bank that allows its customers to transfer money online.
II. A bank that has only a few branches but has customers depositing money online.
, III. A bank that does not exist as a real building, but only has an internet presence.
a.
I and II
b.
II and III
c.
III only
d.
I, II, and III - ANS✔✔--D
Orlando invested $16,000 in an eight-year CD bearing 6.5% simple annual interest, but
needed to withdraw $3,500 after five years. If the CD's penalty for early withdrawal was
one year's worth of interest on the amount withdrawn, when the CD reached maturity,
how much less money did Orlando earn total than if he had not made his early
withdrawal?
a.
$227.50
b.
$682.50
c.
$910.00
d.
$455.00 - ANS✔✔--C
Which of the following must be present for a check to be legitimate?
I. Your signature
II. A memo or note
III. The payee
a.
I and II
b.
III only
c.
I and III
d.
I, II, and III - ANS✔✔--C
In the formula I=P·r·t, what does P stand for?
a.
Percent: the interest rate expressed as a percentage
b.
Principal: the amount of money you initially invested
c.
Period: how often the interest is calculated
d.
Payout: how much money you end up with - ANS✔✔--B
