
QL: Fall Semester Test 2024-25
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+5
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a student loan?
Back
A loan for college expenses.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
2.
FLASHCARD QUESTION
Front
What is compound interest?
Back
Interest calculated on the initial principal and also on the accumulated interest from previous periods.
Tags
CCSS.HSF.BF.A.2
3.
FLASHCARD QUESTION
Front
Calculate the compound interest on a loan of $1500 at an annual interest rate of 3% compounded annually for 2 years.
Back
$91.35
Tags
CCSS.HSF.BF.A.2
4.
FLASHCARD QUESTION
Front
What is simple interest?
Back
Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
A student borrows $1000 at a simple interest rate of 5% per annum. How much will the student owe in total after 3 years?
Back
$1150
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal × Rate × Time.
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
Back
$72,693.90
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