Team 1
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Teams
Name
Score
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baam
Lose 20 points!
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gift
Win 15 points!
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×
gift
Win 5 points!
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trap
No points!
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15
×
what does simple interest give you?
the interest
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15
×
what formula is this ? I=p*r*t compound or simple
simple
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15
×
Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.
3207.60
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15
×
what does the T stand for ?
time
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15
×
is this the compound formula or simple interest formula A=p(a+r)^2
compound formula
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15
×
Bridget put $450 into a savings account that earns 8% simple interest. How much will be in the account after 7 years?
702
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×
baam
Lose 10 points!
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×
gold
Win 50 points!
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×
gift
Win 5 points!
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×
baam
Lose 25 points!
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×
trap
No points!
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gift
Win 25 points!
Okay!
×
gift
Win 25 points!
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×
trap
No points!
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15
×
what does the R stand for?
rate
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15
×
what does the I stand for?
interest
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15
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Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
1392
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15
×
what does this formula A=p(a+r)^2 give you?
total amount
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15
×
what do you need to do when they give you this rate 4%
change it to decimal
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15
×
Dan borrowed $2,000 for 1 year at 12% annual simple interest rate. How much interest is that?
240
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×
baam
Lose 25 points!
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×
gift
Win 20 points!
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×
gift
Win 25 points!
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×
baam
Lose 5 points!
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×
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