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4 Written questions
4 Multiple choice questions
 The amount of money paid for the use of borrowed money
 B = P(1 + r)n (Balance = Principal (1 + rate) ^ time
 Interest that is paid on both the principal and also on any interest from past years.
 The rate, usually expressed as a percent, used to calculate interest
3 True/False questions

What is the difference between Compound and Simple Interest? → Simple interest is only calculated on the original balance, but compound interest is calculated on the principal plus the annual balance

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

Principal → A ratio that compares a number to 100