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4 Written questions

4 Multiple choice questions

  1. The principal plus the interest earned
  2. The original amount deposited or borrowed
  3. Interest that is paid on both the principal and also on any interest from past years.
  4. The percent a quantity increases or decreases from its original amount

3 True/False questions

  1. PercentA ratio that compares a number to 100


  2. Interest RateThe amount of money paid for the use of borrowed money


  3. Formula for Compound InterestI = prt (Interest - principal • rate • time)