Texas 8th Grade Math Question of the Day

Test your knowledge with a hand-picked multiple-choice question.

Loan: 1,000 dollars at 24% APR, minimum 30 dollars monthly. Amortization summary after 6 months: total paid = 180 dollars, interest paid = 120 dollars, principal paid = 60 dollars, balance = 940 dollars. Which conclusion is best supported by this summary?

Select an answer and click Check.