
Savings
Quiz
•
Mathematics, Business, Other
•
9th Grade
•
Practice Problem
•
Medium
+2
Standards-aligned
Arun Mohan
Used 4+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The power of compound interest works BEST the longer an investment is allowed to grow
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A savings account should be used for daily purchases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With compound interest what increases year after year
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Interest paid periodically and paid on the principal plus interest earned.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Money paid to you by a financial institution when you deposit funds there.
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A portion of your income that you do not spend on your current needs, but instead set aside for future needs.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A quick way to estimate the amount of time it will take for your money to double when placed in a savings account at a given interest rate. 72 divided by interest rate.
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