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4 Written questions

4 Multiple choice questions

  1. The principal plus the interest earned
  2. A ratio that compares a number to 100
  3. The percent a quantity increases or decreases from its original amount
  4. The interest calculated only on the principal

3 True/False questions

  1. PrincipalA ratio that compares a number to 100


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


  3. Formula for Simple InterestB = P(1 + r)n (Balance = Principal (1 + rate) ^ time


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