Financial Maths Vocabulary
What does the 'n' in the simple interest formula stand for?
What is number of years
What is the formula for simple interest?
What is SI = Pin
Bank offers 3.5%p.a. simple interest on a savings account. If you deposit $7,500, how much interest will you earn in 2 years?
What is $525
Find the Mean of the data below:
1,3,4,5,6,6,6,6,7,8,9,90
How old is Mr Haese
What is 25
What does the 'i' in the simple interest formula stand for?
What is interest rate
I = ?
P = $10,000
i = 4%p.a.
n = 3 years
What is $1200
$400 interest is earnt on a principle of $2000 at a simple interest rate of 5%p.a. For how many years was the principle invested?
What is 4 years
Find the Median of the data below:
1,3,4,5,6,6,6,6,7,8,9,90
What is 6
Which country is the largest in the world?
What is Russia
What is percentage?
What is a fraction over 100
SI = ?
P = $72,500
i = 6.72%p.a.
n = 27 Months
What is $10962
Jim invested $4000 in a bond and earnt $540 in interest. If the money was invested for 3 years, what was the interest rate?
What is 4.5%p.a.
Find the median of the data below:
11,32,23,45,42,43,42,45,78,98,12,101
What is Taylor Swift's favourite number?
What is 13
What is interest?
What is a fee for borrowing money
I = $500
P = ?
i = 4% p.a.
n = 2 years
What is $6250
A person deposits $365 in a bank at 7%p.a. for 3 years. How much money will be in the account after 3 years?
What is $441.65
Find the 5 number summary of the data below:
1,3,5,7,9,11,13
What is
Min = 1
Q1 = 3
Med = 7
Q3 = 11
Max = 13
What was the highest grossing film (worldwide) in 2023?
What is Barbie
What is the principle?
What is the initial amount borrowed in a loan
I = $1250
P = $29,000
i = ?
n = 18 months
What is 2.87% p.a.
What is $4219.68
1,3,5,6,8,2,4,2,5,7,5,8,4
What is 4
What was the third highest grossing film (worldwide) in 2023?
What is Oppenheimer