Out of using compound interest or simple interest for the most money in a year with a monthly interest rate.
What is using compound interest?
100
The total of a compound interest of 2% a month for 2 years and $500 at the beginning. (calculator is allowed)
What is around $804.22?
100
The total of a simple interest of 1.65% a month for 3 years and $6,345 at the beginning.
What is around $3,768.93?
100
Is electricity and gas usage fixed or not?
What is not fixed?
200
Has a magnetic strip and uses your bank account.
What is a debit card?
200
Out of saving for a gift for your child, health insurance, or an iPhone.
What is saving for health insurance?
200
The total of a compound interest of 4.2% a month for 6 years and $2,000 at the beginning. (calculator is allowed)
What is around $38,681.72?
200
The total of a simple interest of 3.73% a month for 2 years and $20,000 at the beginning.
What is around $37,904?
200
Double Jeopardy! Is getting yourself health insurance only one price or can it be chosen?
What is able to be chose?
300
Unwise to have a lot of since you carry it with you.
What is cash?
300
Out of not having a savings account, saving for a car, or buying things using credit or debit cards right when you want it.
What is saving for a car?
300
The total of a compound interest of 1.625% a month for 5 years and $52,746 at the beginning. (calculator is allowed)
What is around $138,746.82?
300
The total of a simple interest of 2.14% a month for 4 years and $34,732 at the beginning.
What is around $70,408.71?
300
The name of the card that DOESN'T use your bank account.
What is a credit card?
400
The total of the following: A compound interest of 4.2% a month for 6 years and $2,000 at the beginning. $1,000 dollars is then taken out. Then a simple interest of 2.14% a month for 4 years. (calculator is allowed)
What is around $77,388.44?
500
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