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4 Written questions
4 Multiple choice questions
 I = prt (Interest  principal • rate • time)
 The rate, usually expressed as a percent, used to calculate interest
 The amount of money paid for the use of borrowed money
 The interest calculated only on the principal
3 True/False questions

Balance → The principal plus the interest earned

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

Percent of change → A ratio that compares a number to 100