Simple Interest
What is the simple interest formula?
What is I= PRT
What is the compound interest formula?
What is A = P (1 +r/n)nt
If a deposit is getting compounded semiannually, how many time will that be?
What is two
If you fill out a deposit slip and you want cash back, are you adding that amount to your final deposit or taking it away from your sub total?
Taking it away from your sub total.
Who does Ohio State Football play this Saturday?
Nebraska
Using simple interest formula. How much interest is earned when you deposit $1300 at 9% interest rate for 15 years?
I = 1300(.09)(15)
I = $1755
Using compound interest formula. You deposit $2000 at 3% interest rate compounded monthly for 10 years.
A = 2000 (1 + .03/12) 12(10)
A = 2000 (1 + .0025) 120
A = $2698.71
What was GROVEPORT's Varsity football record this year?
5-5
What does the "memo" section of the check mean?
The reason why you are writing the check. Could be for a bill, rent, etc.
Who is the oldest Kardashian sister?
Kourtney
I = 1250 (.055) (20)
I = $1375
A = 1250 + 1375
A = $2625
P = 20,000
R = 7%
N= 4
T = 17
A = 20,000 (1 + .07/4)4(17)
A = 20,000 (1 + .0175) 68
A = $65,068.44
Why are math books so depressing?
Because they have so many problems in them!
What is in the upper right hand corner of a check?
The check number
What is the capital of Florida?
How much simple interest is earned if you deposit $500 at 7% for 9 months?
I = 500 (.07) (9/12)
I = $26.25
A = 10,930
P = ?
R = 9.3%
N = 1
T = 1
10,930 = P (1 + .093/1) 1(1)
10.930 = P ( 1 + .093)1
10,930 = P (1.093)
P = 10,000
Step on up!!! If you make it your team will receive 400 points. If you miss someone from the other team can get a chance to make it for 400 points.
Hope you made it!
You just received 3 checks and you are going to deposit them and ask for $100 cash back. How much did you deposit if the checks were worth:
$450.00, $275.50 and $220.50
450 + 275.50 + 220.50 = $946
946 - 100 = $846 Net Deposit
What is Mr. Davis middle name? Starts with a B
Baxter