Question

Compound interest compounded quarterly is given every ______ months. *
1 point
1
3
6
Compound interest compounded semiannually is given every ___ months. *
1 point
1
3
6
The algebraic equation for interest is______. *
1 point
y=mx+b
e=mc2
i=prt
Principal $2000, rate 3.1%, 2 months, compounded monthly. Calculate the balance at the end of 2 months. *
1 point
$2010.35
$2025.62
$2003.10
What is your favorite Christmas cookie? *
1 point
chocolate chip
sugar cookie
peanut butter
other
Calculate the simple interest earned: principal $1000, rate 4%, 7 days *
1 point
$10.00
$0.77
$23.33

How is compound interest similar to a snowball rolling down a snow covered hill? *
1 point
The interest rate used to calculate earned interest is represented as a percent. True or False *
1 point
True
False
First name *
Given the same principal, rate and time which investment calculation would earn less? *
1 point
simple interest
compound interest
Last name *
Which word refers to the money deposited into an interesting bearing account ? *
1 point
cash
principal
bling

Answer 1

Answer:

3 months, 6 months, interest is 1 point or 0.01 for every percent, 2010.35, peanut butter but why is this a question, 0.77, It is similar to a snowball because as time goes on the account grows at the same percent but it is more money so it is a larger amount. This is very common in dividend investing. next question, yes it is a percent, simple because compound is always more or the same, I would say principal but I am not sure

Step-by-step explanation: