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Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed Review
100
What is $60?
Use I=Prt. Find the interest on $500 at 6% for 2 years.
100
What is $920?
If P=$800, r=5%, t=3, find the balance with simple interest.
100
What is the original principal only?
In simple interest, the interest is computed on what amount?
100
What is 5%?
Solve for r if I=$90, P=$600, and t=3 years.
100
What is 3 years?
Find t if I=$120, P=$400, and r=10%.
100
What is earning interest on previous interest?
What does compound interest do that simple interest does not?
100
What is $1210?
Amanda invests $1000 at 10% compounded annually for 2 years. Find the balance.
100
What is doubling time?
The Rule of 72 helps estimate what?
100
What is 12?
If interest is compounded monthly, how many compounding periods are there in one year?
100
What is compound interest?
Which usually grows faster over time at the same nominal rate: simple or compound interest?
100
What is a loan used to buy a home?
What is a mortgage?
100
What are principal and interest?
An amortization schedule shows what two main parts of each payment?
100
What is 360?
If the loan term is 30 years and payments are monthly, how many payments are scheduled?
100
What is true?
True or false: early mortgage payments usually include more interest than principal.
100
What is the upfront amount paid toward the purchase price?
What does down payment mean?
100
What is the entire group being studied?
What is a population in statistics?
100
What is a part of the population used for study?
What is a sample in statistics?
100
What are qualitative or categorical data?
Data that are labels or categories are called what?
100
What are quantitative data?
Data that are counts or measurements are called what?
100
What is convenience sampling?
A sample chosen because it is easy to reach is what type?
100
What is the sample?
A survey of 20 students reports an average of 3 hours of study time. Is 20 students the sample or the population?
100
What is less than $520?
A bank advertises 4% compounded annually. After one year, will $500 become more or less than $520?
100
What is increases?
If a monthly payment stays the same but the loan term gets longer, total interest usually does what?
100
What is 0?
If an event cannot happen, its probability is what?
100
What are countable values?
In a discrete random variable, the possible values are what kind of values?