G money
Which is who
y=mx+c
MR ACHILLEOS
100

What is the formula for simple interest?

I = P × R × T

100

What is the formula for compound interest?

A = P(1 + R/100)^T

100

What does 'p.a.' mean in financial maths?

Per annum (per year)

100

What faculty am I a part of?

Diversity

200

Find the simple interest on $200 at 5% per year for 2 years.

$20

200

Find the compound amount on $200 at 10% p.a. for 2 years (yearly compounding).

$242

200

If you borrow $1000 at 10% simple interest per year, how much interest after 5 years?

$500

200

How old am I?

26

300

If $500 earns $75 in interest in 3 years, what is the rate of interest?

5%

300

If $1000 grows to $1210 in 2 years, what is the rate of interest (compounded yearly)?

10%

300

Which grows faster: simple or compound interest (for more than 1 year)?

Compound interest

300

Who is my all time favourite artist?

Mac Miller


400

A sum of money amounts to $720 in 3 years at 8% p.a. simple interest. Find the principal.

$600

400

Find the compound interest on $500 at 8% per year for 3 years (yearly compounding).

$129.86

400

If $500 grows to $605 after 2 years, was it simple or compound interest?

Compound interest

400

How many classes do I currently teach?

3

500

James invested $1000 at 6% p.a. simple interest. After how many years will the interest be $420?

7 years

500

If $2000 becomes $2662 in 3 years, find the rate of interest (compounded yearly).

10%

500

Why do banks prefer to use compound interest instead of simple interest?

It earns them more money over time.

500

What is my cats name?

Malcom

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