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4 Written questions
4 Multiple choice questions
 The percent a quantity increases or decreases from its original amount
 Interest that is paid on both the principal and also on any interest from past years.
 B = P(1 + r)n (Balance = Principal (1 + rate) ^ time
 The interest calculated only on the principal
3 True/False questions

What is the difference between Compound and Simple Interest? → Simple interest is only calculated on the original balance, but compound interest is calculated on the principal plus the annual balance

Interest Rate → The rate, usually expressed as a percent, used to calculate interest

Principal → The original amount deposited or borrowed