Chapter 11 Review Flashcardizz

Chapter 11 Review Flashcardizz

Assessment

Flashcard

Mathematics

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Back

2.

FLASHCARD QUESTION

Front

What is the formula for compound interest?

Back

A = P(1 + r/n)^(nt), where A is the amount, P is the principal, r is the rate, n is the number of times interest is compounded per year, and t is the number of years.

3.

FLASHCARD QUESTION

Front

If you invest $40,000 at 14% interest compounded annually for 6 years, how much will you have?

Back

$87,798.90

4.

FLASHCARD QUESTION

Front

What is simple interest?

Back

Simple interest is calculated using the formula I = PRT, where I is the interest, P is the principal, R is the rate, and T is the time in years.

5.

FLASHCARD QUESTION

Front

How do you calculate the total amount after 2 years with $2,700 at 7% simple interest?

Back

Total = Principal + Interest = $2,700 + ($2,700 * 0.07 * 2) = $3,078.

6.

FLASHCARD QUESTION

Front

What is the formula for calculating the total amount with compound interest?

Back

A = P(1 + r/n)^(nt) where A is the total amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

7.

FLASHCARD QUESTION

Front

If Olivia spends $7,400 on furniture with 9.5% interest compounded quarterly for 8 years, how much will she pay in total?

Back

$15,683.28

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