Show:
Simple Interest
Compound Interest
Mortgages
Stat Terms
Mixed Review
100
What is $60?
Use I = Prt. What is the simple interest on $500 at 6% for 2 years?
100
What is the annual interest rate in decimal form?
In simple interest, what does the variable r represent?
100
What is $180?
How much simple interest is earned on $1,200 at 5% for 3 years?
100
What is 5%?
If interest is $90 on $600 for 3 years, what is the simple interest rate?
100
What is $960?
What is the total amount A for $800 at 4% simple interest for 5 years?
200
What is A = P(1 + r/n)^(nt)?
What is the formula for compound interest amount?
200
What is 10%?
If $100 grows to $121 in 2 years compounded annually, what annual rate was used?
200
What is compound interest?
Which earns more over time at the same annual rate: simple or compound interest?
200
What is $1,050?
If $1,000 is invested at 5% compounded annually for 1 year, what is the ending amount?
200
What is because interest earns interest on prior interest?
Why does compound interest grow faster than simple interest?
300
What is a loan used to buy real estate / a home loan?
What is a mortgage?
300
What are principal and interest?
An amortized loan payment includes what two parts?
300
What is it decreases over time?
On a standard amortization schedule, what generally happens to the interest part of the payment over time?
300
What is it decreases?
If you increase the loan term from 15 years to 30 years, what usually happens to the monthly payment?
300
What is an amortization schedule / amortization table?
What table shows each payment’s split between principal, interest, and remaining balance?
400
What is a population is the entire group and a sample is part of the group?
What is the difference between a population and a sample?
400
What is a statistic?
A number that describes a sample is called what?
400
What is qualitative / categorical data?
Survey responses like favorite color are what type of data?
400
What is discrete?
Number of siblings is discrete or continuous?
400
What is systematic sampling?
Choosing every 10th person from a list is what sampling method?
500
What is compound interest?
A bank offers 3% simple interest and 3% compound interest for 10 years. Which gives the larger ending amount?
500
What is false?
True or false: A parameter describes a sample.
500
What is amortization?
A monthly house payment that stays the same but slowly shifts from mostly interest to more principal is part of what process?
500
What is sampling bias / voluntary response bias?
If a study surveys only volunteers who click an online ad, what is one possible problem?
500
What is continuous?
A dataset records student GPAs to the nearest hundredth. Is GPA best treated as discrete or continuous in intro stats?