Interesting
Interest paid on principal alone
What is simple interest?
Tax paid on purchases you make.
What is sales tax?
The percent increase if my cable bill went from $75.00 to $79.00 per month.
What is 5.33%
A card used to directly draw funds from your bank account
What is a debit card?
A loan where the same payment is made each month
What is a fixed installment loan?
Interest that is paid on previously earned interest
What is compound interest?
The tax on a $50.00 jacket if the tax rate is 7%.
What is $3.50?
The percent decrease of the value of my car which was worth $25000 when purchased and is now worth $12000.
What is 52%?
A card that is a flexible personal loan
What is a credit card?
What is a mortgage?
The n value for compounded monthly
What is 12?
The total purchase price including tax on a $75.00 pair of shoes with a 6% tax rate.
What is $79.50
What is $14.85?
The payment that must be made on a credit card each month
What is a minimum payment?
Amount you pay on the day you buy a car or house
What is a downpayment?
The formula for continuous compounding
What is A=Pe^(rt)
The pretax price of an item that was $36.75 with 5% tax.
What is $35.00
The new phone bill if the company wants to raise the bill 15% and the current bill is $55.00.
What is $63.25
The interest on a credit card that is carrying a current $1000 balance at 25% interest.
What is $20.83?
The amount of interest you pay on a fixed installment loan
What is a finance charge?
The final amount if $1000 is invested at 5% compounded monthly for 2 years.
What is $1104.94
The total purchase price for the following situation. A coat is priced $100 but is on sale for 40% off. The tax rate is 8%.
What is $64.80
The value of your house last year if it is now worth $300000 and increased 12% during the year. Round to the nearest dollar.
What is $267857?
The next month's balance owed under the following conditions.
Current balance is $5000 with a 22.99% rate. Charges of $250 were added and a payment of $300 was made.
What is $5045.79
The total of all payments for a 72 month loan with $450.00 per month payments.
What is $32400?