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Financial Literacy Flashcards | StudBud

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Financial Literacy

15 terms·StudBud Administration·997 plays

Simple and compound interest

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Questions 15

Answers

1
read
220.23 for 15 months
$270.77 for 12 months
187.58 for 18 months
2
Read carefully
$3,910
$3,935.93
$3,941.53
$4,120.90
3
Read carefully
$4,750
$6,000
$4,000
$1,000
4
If you invest $4,000 at 4.5% simple interest, after 5 years what is the account worth?
$90,000
$900
$4,900
$90
5
Determine the interest earned on an investment of $4,000 in 5 years at 4.5%?
$90
$90,000
$4,900
$900
6
read
$2,698.18
$2,838.96
$2,756.00
$2,907.32
7
Read
$630
$63
$6,300
8
Look at the table and read carefully
$45,000
$24,750
$31,500
$20,250
9
Read below
$60
$50
$120
$600
10
Look below
$125
$1,379.77
$31.25
$1,375
11
Read
$2,318.55
$7,452.86
$3000.00
12
Read
$408.00
$28.70
$36.70
$436.70
13
Read carefully
$48,600
$82,500
$52,800
$14,850
14
Read carefully
$5,034.50
$5,435
$5,060.83
$5,353
15
read
Manuel
Monika
both earned the same amount