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Score
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15
×
What is the formula for simple interest?
I=P*r*t
I=P/t
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15
×
Getting married may cause your car insurance to increase because married couples tend to be safer drivers.
False
True
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×
lifesaver
Give 25 points!
Oops!
×
shark
Other team loses 15 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 15 points!
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15
×
Which of the following is TRUE about cars and depreciation?
Cars lose 10% value the moment you drive off the lot
New cars do not depreciate
Car depreciate most after 10 years of use
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15
×
the amount of money you borrow or finance
principal
time
interest
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15
×
Moving from the city with street parking to the suburbs with a driveway may cause your car insurance to increase.
False
True
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15
×
Calculate the simple interest on a $40,000 car loan taken for 7 years at 8% interest.
$22,400
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15
×
According to experts, when is the best time to buy a used car?
MLK Jr. Day
July 4th
Labor Day
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15
×
Credit history is an important factor that is considered when calculating an insurance premium
True
False
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banana
Go to last place!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 25 points!
Okay!
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banana
Go to last place!
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15
×
Before buying a car, you should get quotes from 3 insurance companies.
False
True
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15
×
New cars do not lose value right away.
False
True
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15
×
the amount you are charged to borrow money
interest
time
principal
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15
×
What is one advantage of buying a used car over a new car?
Used cars always have the latest features and technology
Used cars tend to have a better value because new cars
Used cars always come with warranties
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15
×
Buying a used car may save you up to 50%.
True
False
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seesaw
Swap points!
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×
gold
Win 50 points!
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×
rocket
Go to first place!
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×
thief
Give points!
5
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15
20
25
×
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