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Personal Financial Literacy Practice Flashcards | StudBud
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Personal Financial Literacy Practice
Personal Financial Literacy Practice
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Math TEKS 8.12D,C,G
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
Answer the following question.
$148
$518
$888
$370
2
What does the P in the simple interest formula I=Prt represent?
time
interest
amount borrowed or deposited
interest rate
3
Answer the following question.
Account 1
Account 2
4
Answer the following question.
$ 234.87
$143.80
$490.75
$165.75
5
Answer the following question.
$1654.86
$1248.93
$2396.43
$1147.50
6
This formula is used for what types of questions?
SImple Interest
Compound Interest
7
Answer the following question.
$203.04
$230.40
$ 979.55
$950.40
8
Answer the following question.
$602.20
$135
$532.50
$13,500
9
Answer the following question.
$234.90
$171.88
$515.63
$432.12
10
When finding the total amount of a simple interest question you must...
I = Prt - Principle
I = Prt + Principle
find the percentage then divide the number of months
I = Prt
11
Answer the following question.
$287.50
$96.92
$549.23
$745.98
12
When finding the amount of interest for a compound interest question you must...
A = P(1 +r)t + Principle
A = P(1 +r)t - Principle
find the percentage then divide by the number of months
A = P(1 +r)t
13
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