Simple Interest
What is total principal and interest if an investment earns simple interest at $34,000 at 4% for 3 years
What is $38,192.00?
$1,240 at 8% compounded annually for 2 years
What is $1,446.34?
The formula for simple interest?
What is I=PRT
Atlas receives a salary of $300 per week plus a commission of 2% on all sales. Last week, their sales totalled $4500. What was Atlas' gross pay for the week?
What is $390.00
At the end of two years, how much interest would be on a principal of $1,000 at 6% annual interest, compounded annually?
What is $123.60
What is total principal and interest if an investment of $210 earns 8% for 7 years
What is $327.60?
$1,030 at 4% compounded annually for 2 years
What is $1,114.05?
What is the Principle?
What is the initial amount invested
What is Raians net pay if her deductions are 35% and her gross income is $667.00
What is $433.55?
If the minimum payment is 3% and a credit card bill is $750, how much is the minimum payment?
What is $22.50?
What is total principal and interest on an investment of simple interest of $4,000 at 3% for 4 years
What is $4,480.00?
$12,700 at 8.8% compounded semi-annually for 3 years.
DOUBLE JEOPARDY
What is $16,443.97?
The compound interest formula?
What is A=P(1+r/n) ^nt
Anja is a salesperson and her pay is based on commission. She is paid 4% on the first $1500 in sales, 6% on sales between $1500-$4000 and 8% on sales over $4000 for the month. What is Anja's commission if she sells $2400 in goods?
What is $114.00?
If the interest rates are both the same, which scenario would make you more money - compounding monthly or quarterly?
DOUBLE JEOPARDY
What is compounding monthly?
What is total principal and interest on an investment $20,600 of simple interest at 8% for 2 years
What is $23,896.00?
$28,600 at 7.9% compounded quarterly for 2 years
What is $33,443.81?
What does the “n” stand for in the compound interest formula?
What is the number of compound periods?
Wilson is paid piecework according to how many total zippers he sews per day. The rate is $0.10/zipper up to 200 zippers and 0.25/zipper for anything over 200 zippers. Wilson sew in 250 zippers one day. What does he earn for that day?
DOUBLE JEOPARDY
What is $32.5?
At the end of one year, what would be the interest on a principal of $500 at 4% simple interest.
What is $20?
What is total principal and interest on an investment of $14,000 at simple interest at 6% for 9 years
What is $21,560.00?
$130 at 9.4% compounded monthly for 2 years?
What is $156.77?
What is the interest rate of an investment of $2500 if the investment doubles in 8 years? Use the 'Rule of 72' as a guide.
DOUBLE JEOPARDY
What is 9%?
Lyza receives salary of $1500.00/month plus commission of 19% on any sales over $15,000.00. What does Lyza earn in the month where she sells $25,000 worth of goods?
What is $3,400?
If you deposited $500 for four years at 6% compounded monthly, what would your principle and interest be at the end of the term?
What is $635.24?