Unit 9 Retest/Reteach

When using the simple interest formula, the given answer is what?

• Interest Earned

• Account balance

• Investments

• Integers

When using the compound interest formula, the answer is what?

• Average

• Area

• Account Balance

• Interest Earned

What can I do to the account balance to find how much interest is earned?

• Nothing,

• Subtract the principal

• Use the simple interest formula

After calculating the interest earned on a simple interest problem, how do I find the account balance?

• You start over with the compound interest formula

• it gives you the account balance

• You add the principal

• You subtract the principal

What unit does time always need to be in?

• Days

• Minutes

• Months

• Years

When given months what do you do to your time?

• multiply it by 12

• nothing, its supposed to be in months

• divide by 12

• divide by 100

My answer should be the

• Account Balance

• Interest Earned

How many years of college is Devon saving up for?

• 1

• 2

• 3

• 4

Why did the account grow:

PICK TWO answers

• Regular Deposits

• Regular Withdrawals

• Interest was being earned

• No withdrawals were made

What operation is taking place in the formula I=prt

• Addition

• Subtraction

• Multiplication

• Divison