Using Online Banking Math Quiz
Questions: 16 · 10 minutes
1. You have $1,450 in savings and want to reach $2,000 by making five equal monthly transfers. How much must each transfer be?
$90
$100
$110
$400
2. Your daily transfer limit is $1,500, and you have already transferred $640 today. How much more can you transfer without exceeding the limit?
$760
$860
$840
$940
3. An account had end-of-day balances of $800, $1,200, $1,000, and $600 over four days. What was the average daily balance for those days?
$900
$850
$1,000
$800
4. Your account balance is $840.50. A debit-card purchase of $125.75 posts to the account. What is the new balance?
$724.75
$715.25
$714.75
$966.25
5. For a simple one-year comparison that ignores compounding, Account A pays 4% interest on $2,000 with no fee. Account B pays 4.5% but charges a $24 annual fee. Which provides the greater net gain, and by how much?
Account B by $10
Account B by $66
Account A by $24
Account A by $14
6. Your transaction history shows a recurring $35 transfer posted once in each of four consecutive weeks. How much was transferred in total?
$140
$120
$105
$175
7. You send a $400.00 transfer, and the bank charges a $6.00 transfer fee separately. By how much does your account balance decrease?
$394.00
$400.00
$406.00
$424.00
8. An account shows a current balance of $1,260.00 that excludes two pending transactions: an $84.30 payment and a $200.00 deposit. What balance should you expect after both post?
$975.70
$1,375.70
$1,344.30
$1,544.30
9. Your last three monthly utility payments shown online were $84, $91, and $95. What was the average monthly payment?
$89
$90
$270
$91
10. A statement starts with $950.00. During the month, $600.00 is deposited, $725.00 in payments is deducted, and a $15.00 fee is charged. What is the ending balance?
$825.00
$810.00
$840.00
$1,290.00
11. An account offers 2% cash back on eligible purchases. How much cash back would a total of $275 in eligible purchases earn?
$2.75
$5.00
$5.50
$55.00
12. For a simple monthly estimate that ignores compounding, how much interest would $1,200 earn in one month at a 3% annual interest rate?
$36.00
$30.00
$0.30
$3.00
13. You reduce monthly discretionary spending from $500 to $425. By what percentage did the spending decrease?
15%
17.6%
25%
75%
14. Three people split a $186.00 bill equally. How much should each person transfer?
$62.00
$60.00
$63.00
$93.00
15. Your account contains $95. Two scheduled payments of $72 and $40 will post before another deposit arrives. What is the minimum amount you must add to avoid the balance falling below $0?
$112
$23
$32
$17
16. An online loan account shows a $300 payment, of which $48 is applied to interest. How much is applied to principal?
$248
$14,400
$348
$252