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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
 The rate, usually expressed as a percent, used to calculate interest
 The amount of money paid for the use of borrowed money
3 True/False questions

Balance → The principal plus the interest earned

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

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