What does P stand for in the simple interest formula?
Simple and Compound Interest

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Mathematics
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
principal
2.
FLASHCARD QUESTION
Front
The Principal Amount in the simple interest formula is _______________.
Back
the amount of money borrowed or deposited
3.
FLASHCARD QUESTION
Front
In the compound interest formula, what does 'A' represent?
Back
the total amount accumulated at end of of n times computation
4.
FLASHCARD QUESTION
Front
To earn as much interest as possible, you should open a savings account that earns ______ interest and has the _____ interest rate.
Back
compound ; highest
5.
FLASHCARD QUESTION
Front
Ann puts $300 in a bank account earning 4% per annum simple interest. How much interest will she earn in 3 years?
Back
36
6.
FLASHCARD QUESTION
Front
What is the value for n to compute the total amount for $4000 at 4% interest compounded yearly for 7 years?
Back
n = 7
7.
FLASHCARD QUESTION
Front
What is the value for r to compute the total amount Joe will get after 7 years with 4% per annum compounded yearly?
Back
r = 4
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