Financial Literacy - RMS

Reorder the following ascending order (least to greatest)

Match the following

Omid pays $500 monthly to the credit card company. He will pay a total of (a)   after making payments for 5 years.

Josiah correctly used the formula I = 600x0.11x3 to find the amount of simple interest that will accrue on a (a)   investment, ​earning ​ (b)   ​ (c)   (d)   years.

Both Madison and Jeremiah invested $2,500 in an

account. Madison’s interest rate is 5.75% and is

compounded annually. Jeremiah’s account earns

a simple interest rate is 5.75%. Neither will make

any additional deposits or withdrawals. What is

the difference in the interest earnings between

Madison and Jeremiah’s accounts at the end of 6

years?

Draw the two points that match the equation y=3x using the x values 0 and 1.

In the formula for simple and compound interest, the percentage of interest paid or received is called.

(a)  

Which quantity is measured in years?

Edgar has to save $5000 for the first year of college. How much does he need to save monthly in order to meet his savings goal in 5 years?

What are some ways to increase the amount of interest you receive on an investment? Choose four answers