Show:
Simple Interest
Compound
Mortgages
Stats Terms
Mixed Finance
100
What is $10?
Find simple interest: P=$100,r=5%,t=2.
100
What is $110?
Annual compound: $100 at 10% 1 year amount.
100
What is principal?
Name borrowed amount before interest.
100
What is a sample?
A subset of a population.
100
What is I=Prt?
Simple interest formula.
200
What is $206?
$200 at 3% simple for 1 year amount.
200
What is $121?
$100 at 10% for 2 years annually.
200
What is monthly?
Payment interval most home loans use.
200
What is population?
Whole group studied.
200
What is compound interest?
Which grows interest on interest?
300
What is 6%?
$50 earns $6 simple over 2 years: rate.
300
What is 4?
Quarterly compounding means n equals this.
300
What is principal borrowed?
Mortgage down payment reduces this.
300
What is quantitative data?
Numeric measurement like height (type).
300
What is interest?
Total paid minus principal is called this.
400
What is $6?
$300 at 4% for 6 months simple interest.
400
What is A=P(1+r/n)^(nt)?
Formula for compound amount.
400
What is the interest rate?
Fixed-rate means this stays unchanged.
400
What is systematic sampling?
Method selecting every 10th name.
400
What is 12?
If r=.05 monthly, n is this.
500
What is 3 years?
I=$15, P=$100, r=5%: time.
500
What is $500?
$500 at 0% compounded amount.
500
What is a mortgage?
Loan secured by a home.
500
What is a statistic?
Number describing sample, not population.
500
What is selection bias?
Bias from volunteering is this type.