Finance Midterm EXAM

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the formula to calculate simple interest?
Back
Simple Interest = Principal × Rate × Time
2.
FLASHCARD QUESTION
Front
If Eddie Foster packs 480 packs of pens at a rate of $0.235 per pack, how much did he earn?
Back
$112.80
3.
FLASHCARD QUESTION
Front
What is the percentage formula to find a discount?
Back
Discount = (Original Price × Discount Rate) / 100
4.
FLASHCARD QUESTION
Front
If Frank deposits $350 at an annual interest rate of 4%, how much interest does he earn in 3 years?
Back
$42
5.
FLASHCARD QUESTION
Front
What is the formula to convert a fraction to a percentage?
Back
Percentage = (Fraction × 100)%
6.
FLASHCARD QUESTION
Front
Back
45%.
7.
FLASHCARD QUESTION
Front
If 20% of a number is 60, how do you find the number?
Back
Number = 60 / 0.20 = 300
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