Vocab
Accounts
Formulas
Equations
Decisions, Decisions!
Funny Facts
100
"Rate of change" is also called ..
Slope (m)
100
An interest-bearing deposit account that pays a small amount of interest for the life of the account.
Savings Account
100
Slope-Intercept Form
y=mx+b
100
(x,y), using the same values, is true for both equations in a System. What is this called?
Solution
100
What type of account should you use to pay your monthly bills from: checking, savings, CD, or investment?
Checking
100
How many years old is the oldest piece of chewing gum?
9,000 years
200
A set of 2 or more linear equations that share the same variables.
System of Equations
200
A deposit account that earns a higher interest amount for a specific length of time.
Certificate of Deposit (CD)
200
Standard Form
Ax+By=C
200
Which equation is in Standard Form?
y=-3x+12
OR
6x+2y=24
6x+2y=24
200
An Emergency Fund should hold AT LEAST enough $ to cover _-_ _____ of expenses, based on your budget.
3-6 months
200
How many bricks is the Empire State Building made of?
10 million
300
The amount of money that is being borrowed or loaned.
Principal
300
A deposit account that comes with a debit card and/or paper checks so that you can have unlimited access to spend your money.
Checking Account
300
Simple Interest Formula for Total Interest earned
I=(Prt)/100
300
Gemma opens a savings account with an initial balance of $450 and saves $50 each month.
Her brother opens a savings account with an initial balance of $100 and saves $100 each month.
Write a system of equations representing this scenario, where x is the # of months.
y=50x+450
y=100x+100
300
You've saved up a significant amount of $ and want to put it into a safe account to earn higher interest. You don't need to have access to this account for a couple of years or more.
What type of account would be best: checking, savings, CD, or investment?
CD
300
On average, what is the thing that Americans do 22 times per day?
Open the fridge
400
The ________ ____ of a line is another way to write a linear equation where A, B, and C are real numbers and both variables are on the left-hand side of the equation.
Standard Form
400
A Brokerage account allows you to ______ your money by buying stocks and/or bonds. They are considered higher risk but they also have the greatest potential to grow over time.
Invest
400
In the Simple Interest formula,
*_ represents the annual interest rate,
AND
*as a ___ (what form?).
r ... as a %
400
Sharlene sells seashells by the seashore. Blue shells cost $3 and pink shells cost $4. She made $76 today.
Write an equation in Standard Form for this scenario, where x represents the # of blue shells and y represents the # of pink shells.
3x+4y=76
400
What type of account would be best for buying stocks and/or bonds: checking, savings, CD, or investment?
Investment
400
How many teeth does an aardvark have?
None
500
Living ________-__-________ means that you use your entire paycheck to pay for monthly expenses and have very little money saved.
Paycheck-to-paycheck
500
An IRA is a savings tool that allows you to save money for __________. You can only make deposits until you are a certain age, after which you can only make withdrawals. Contribution are often tax deductible and/or tax-deferred.
Retirement
500
When writing a budget, you should always pay yourself 1st by saving 20% of your net income. What formula should you use to calculate that amount?
.20 * net income
500
Convert this equation from Standard Form to Slope-Intercept Form:
6x+2y=24
500
What type of account would be best to store your Emergency Fund: checking, savings, CD, or investment?
Savings Account
500
What is the only number spelled out in English with the same number of letters as its value?
Four