Formulas
Start Up
MATH
Current Events
100
Simple Interest Formula
I = PRT
100
List one negative for borrowing money from friends or family.
- Sometimes they don't have money
- If you don't pay them back that could ruin the relationship
100
What is the Interest if the Principle is $5,000, the Interest Rate is 6% and the loan is for 12 years?
$3,600
100
Justin Bieber recently released a song with Chance the Rapper. What is the song called?
Holy
200
Gross Profit Formula
Revenue - Cost of Goods Sold
200
What is the show called that connects Angel Investors with people who are creating new products and businesses?
SHARK TANK
200
How much money would you have in your account if you put in $12,000 in for 7 years with a simple interest rate of 2.5% ?
(Simple Interest Formula)
$14,100
200
Joe Biden and Donald Trump are both running to be the president of the United States. Which one recently got COVID 19?
Donald Trump
300
Income from Operations formula
Gross Profit - Operating Expense
300
Why do most businesses use a bank loan for getting Start Up money?
Loans are accessible
Access to lots of money
Not hard to get
The business is all under your controll
300
If you earned $400 interest from a $30,000 loan after 1 year, what was the interest rate?
(Simple interest formula)
1.33%
300
Who is the richest person in the world?
Jeff Bezos
400
Simple Interest Formula, but solve for :
P=
R=
T=
P = I / RT
R = I / PT
T = I / PR
400
Crowdfunding depends on going viral. Give me 1 reason this could be good, and 1 reason this could be bad.
Good because if it becomes viral then it counts as advertising.
Bad because it is hard to become viral and not every project will become viral.
400
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
$72,693.90
400
Fighting between 2 countries in the middle east started last week. What are the names of the two counties?
Armenia and Azerbaijan
500
Compound Interest Formula
500
What is the Shark Tank Effect?
Companies that go to Shark Tank will become more popular and increase sales even if they don't get selected by Sharks.
500
Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how much now?
$94,529.80
500
What thing that was 2,500 years old was recently opened?
An Ancient Mummy Coffin