4 Written Questions
4 Multiple Choice Questions
 The interest calculated only on the principal
 I = prt (Interest  principal • rate • time)
 A ratio that compares a number to 100
 The original amount deposited or borrowed
3 True/False Questions

What is the difference between Compound and Simple Interest? → B = P(1 + r)n (Balance = Principal (1 + rate) ^ time

Formula for Compound Interest → B = P(1 + r)n (Balance = Principal (1 + rate) ^ time

Interest → A ratio that compares a number to 100