Banking Vocab Review
Authored by Brett Gaul
Mathematics
9th - 12th Grade
CCSS covered
Used 2+ times
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27 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A one time payment or fee charged for the use of money loaned
(a)
Tags
CCSS.7.RP.A.2B
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The percent of interest charged for money loaned
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The period of time for which money is loaned
(a)
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Bank accounts in which depositors can earn interest on their money
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Interest paid on the principal plus interest added to date
(a)
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is doubling your money rule slower?
to find the number of months it takes to double money
divide 100 by the rate of interest
to find the number of years it takes to double money at a given rate of simple interest
divide 72 by the rate of interest
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is doubling your money rule faster?
At the given rate of yearly compounded interest
divide 100 by the rate of interest
to find the number of years it takes to double money at a given rate of simple interest
divide 72 by the rate of interest
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