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4 Written questions
4 Multiple choice questions
 The rate, usually expressed as a percent, used to calculate interest
 A ratio that compares a number to 100
 The original amount deposited or borrowed
 I = prt (Interest  principal • rate • time)
3 True/False questions

What is the difference between Compound and Simple Interest? → B = P(1 + r)n (Balance = Principal (1 + rate) ^ time

Simple Interest → The interest calculated only on the principal

Balance → The principal plus the interest earned