Banking Unit pt. 2
Authored by Giacomo Cavallaro
Life Skills
9th - 12th Grade
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16 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Compound Interest Formula
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does A variable Mean in compound formula
Value. What we are solving for
initial value
# of payments each year
annual interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does P variable mean in the compound formula
Value. What we are solving for
the initial value
annual interest
payments each year
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does r variable mean in the compound formula
Value. What we are solving for
the initial value
annual interest
payments each year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does n variable mean in the compound formula
how many years
the initial value
annual interest
payments each year
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does t variable mean in the compound formula
how many years
the initial value
annual interest
payments each year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
annual % rate borrowing cost
Interest
Deposit
Withdrawl
Fees
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