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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#math #grade8
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
Find the compound interest earned: $2700, 7% rate, 2 years
$391.23
$3091.23
$394.86
$2960.91
2
Find the simple interest earned: $6000, 6% rate, 6 years
$1100
$2000
$2121
$2160
3
Compare the difference in interest: (1 simple, 1 compound) Both have $6500, 8% rate, 4 years
$262.81
$263.98
$263.18
$259.17
4
Find the compound interest earned: $6800, 5.1% rate, 3 years (Round to the nearest cent)
$1094.36
$1194.36
$1436.94
$982.15
5
Find the simple interest earned: $3333 principal, 3.3% rate, 10 years
$1099.89
$1099.90
$1100
$1099.95
6
Find the simple interest earned: $1000 principal, 5% rate, for 4 years
$200
Curry
$150
$2.97
7
Compare the difference in interest: (1 simple, 1 compound) Both have $5300, 1.8% rate, 2 years
$1.72
$1.70
$1.69
$1.71
8
Find amount in compound interest account: $2500 principal, 3% rate, 7 years (Round to cents)
$3074.62
$3074.66
$3074.68
$3074.64
9
Compare the difference in interest: (1 simple, 1 compound) Both have $2100, 4% rate, 3 years
$13.82
$10.21
$12.01
$7.82
