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4 Written questions

4 Multiple choice questions

  1. The rate, usually expressed as a percent, used to calculate interest
  2. The original amount deposited or borrowed
  3. I = prt (Interest - principal • rate • time)
  4. The principal plus the interest earned

3 True/False questions

  1. Percent of changeThe percent a quantity increases or decreases from its original amount

          

  2. Compound InterestThe interest calculated only on the principal

          

  3. Simple InterestInterest that is paid on both the principal and also on any interest from past years.

          

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