What is the amount of money that you put into an account?
Financial Math - Mixed Review

Flashcard
•
Mathematics
•
12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Deposit
2.
FLASHCARD QUESTION
Front
What is the term for the amount of money in your account?
Back
Balance
3.
FLASHCARD QUESTION
Front
If you borrowed money from a bank, how would you want your interest compounded for the best outcome?
Back
Yearly
4.
FLASHCARD QUESTION
Front
Calculate the total investment worth after 3 years if Jessie invests $3345 at an average return of 7.8%.
Back
$4,127.73
5.
FLASHCARD QUESTION
Front
True or False: The formula for figuring straight-time pay is your hourly rate divided by the number of hours worked in a week.
Back
False
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
7.
FLASHCARD QUESTION
Front
What is the term for the fee charged by a bank for account maintenance?
Back
Service Charge
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