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4 Written questions
4 Multiple choice questions
 Interest that is paid on both the principal and also on any interest from past years.
 The original amount deposited or borrowed
 Simple interest is only calculated on the original balance, but compound interest is calculated on the principal plus the annual balance
 The principal plus the interest earned
3 True/False questions

Simple Interest → The interest calculated only on the principal

Percent → The amount of money paid for the use of borrowed money

Percent of change → The percent a quantity increases or decreases from its original amount