แผ่นงานU9 Simple & Compound Reflection
คำถามทั้งหมด: 14
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
the amount of money borrowed or deposited
the amount taxed
the percent interest for this year
the amount the bank owes you for being a customer at their bank
I = Prt where r represents the rate. Rates must be converted into ____ before multiplying.
fractions
mixed numbers
decimals
integers
What is important about how time is calculated in I= Prt ?
it must be in months
it must be in years
it is not calculated
West Ridge Bank is offering each of it's customers a simple interest rate of 3.4% on a new savings account. If Mrs. Luddy opens an account with $1,500, how much interest will she earn in 3 years?
$15,300
$1,530
$153
The answer is not shown
Alex the Skeleton borrowed $4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?
$800
$1,000
$1,200
$1,500
In the compound interest formula A=P(1+r)t what does the A stand for?
The amount of interest
The total amount
The interest rate
The time
In the compound interest formula A=P(1+r)t what does the P stand for?
The time
The total amount
The principal amount (original amount)
The interest rate
If you wanted the amount of interest an account has earned after being compounded annually. What would you have to do after you found "A" using the formula A=P(1+r)t ?
Add A (total amount) plus P (original amount)
Subtract A (total amount from P (original amount)
Add P (original amount) plus A (total amount)
Subtract P (original amount) from A (total amount)
Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?
Not enough
$563.24
$1215.51
$3200.12
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
How do you feel about simple vs compound interest?
How can you differentiate between simple and compound interest?
I know to use simple interest when......
I know to use compound interest when.....
แป้นคำตอบU9 Simple & Compound Reflection
คำถามทั้งหมด: 14
the amount of money borrowed or deposited
decimals
it must be in years
$153
$1,200
The total amount
The principal amount (original amount)
Subtract P (original amount) from A (total amount)
$1215.51
$1127.74
$565.70