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Savings

Authored by Arun Mohan

Mathematics, Business, Other

9th Grade

CCSS covered

Used 4+ times

Savings
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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

True
False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A savings account should be used for daily purchases

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With compound interest what increases year after year

Nothing
The Interest rate
The principal amount getting the interest rate
Both the interest rate and principal amount

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Interest paid periodically and paid on the principal plus interest earned.

Simple Interest
Compound Interest
Hard Interest
Double Interest

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money paid to you by a financial institution when you deposit funds there.

Allowance
Income
Interest
Tips

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.

Collateral
Discretionary Income
Savings
Net Worth

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.

Rule of 27
Rule of Doubles
20/10 Rule
Rule of 72

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