Module 2: Simple Interest Exit Ticket
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Last updated 3 months ago
3 questions
4
A $900 deposit for 20 years earns a simple interest rate of 4%. How much interest was earned? (no spaces or words)
A $900 deposit for 20 years earns a simple interest rate of 4%. How much interest was earned? (no spaces or words)
4
A $900 deposit for 20 years earns a simple interest rate of 4%. What was the total value on that account after 20 years? (no spaces or words. ADD the original deposit/principal to the interest)
A $900 deposit for 20 years earns a simple interest rate of 4%. What was the total value on that account after 20 years? (no spaces or words. ADD the original deposit/principal to the interest)
4
Brayden invests $6,000 in an investment at an annual interest rate of 7%. What will his investment be worth at the end of six months? (Hint: the time has to be in years)
Brayden invests $6,000 in an investment at an annual interest rate of 7%. What will his investment be worth at the end of six months? (Hint: the time has to be in years)