Financial Math

What is 7.25% converted to a decimal?

• .725
• 0.725
• 0.0725
• 7.25

Tags

CCSS.HSA.SSE.B.3

Convert .1% into a decimal number.

• 1
• .01
• .001
• .1

Tags

CCSS.6.NS.B.3

Convert 150% into a decimal number.

• .15
• 1.5
• 15
• .015

Tags

CCSS.7.RP.A.3

CCSS.7.NS.A.2

Which of these circumstances would require the formula A=Pe^rt ?

• Daily
• Monthly
• Quarterly
• Continuously

Tags

CCSS.8.EE.A.1

What is "n" if the interest is compounded monthly?

• 2
• 12
• 365
• 4

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.4

What is "n" if the interest is compounded semi-annually?

• 1
• 12
• 365
• 2

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

What is "n" if the interest is compounded daily?

• 1
• 12
• 365
• 4

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.B.4

What is "n" if the interest is compounded quarterly?

• 1
• 12
• 2
• 4

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSA.CED.A.4

If you are taking out a loan, is it better to have interest compounded daily or quarterly at 7%?

• Daily - so you owe money more often
• Quarterly - so you owe money less frequently
• who knows
• I need to consult my financial analyst

Tags

CCSS.7.RP.A.3

If you are opening a savings account, is it better to have interest compounded daily or quarterly at 7%?

• Daily - so you earn money more often
• Quarterly - so you earn money less often
• who knows
• I need to consult my financial analyst

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1