Interest Trivia

Please select a Team.
25%
25%
25%
25%
1. Team Bling 2. Team Benjamins 3. Team Swaggadelic 4. Team All Dat
Talk like a Banker
Money Math
Bet The Store
Building Big Bucks
Ill Gladly Pay You Tuesday
200 400 600 800
200 400 600 800
200 400 600 800
200 400 600 800
200 400 600 800
1000
1000
1000
1000
1000
Talk like a Banker 200 Points

The fee charged for the use of money.
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Debt Principal Interest Deposit
Category Selection

Money that is legally owed to another individual or business
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Debt Principal Interest Deposit
Category Selection

The original amount of money that is loaned or borrowed (used to calculate interest).
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Debt Down-payment Interest-Bearing Account Principal
Category Selection

The periodic charge, expressed as a percentage, for the use of someone elses money.
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Period Compounding Amortization Interest Rate
Category Selection

The process where interest that is calculated becomes part of the principal for the next interest calculation.
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Compounding Debt Finance Charge Periodic Charge
Category Selection
Money Math 200 Points

How much will you have in 1 year if You deposit $1,000.00 at 8% (simple interest)
Answer
25% 25% 25% 25%
1. 2. 3. 4.
$ 80.00 $ 1,008.00 $ 1,080.00 $ 1,800.00
Category Selection

What is the monthly periodic interest rate if the annual rate is 18.00%
Answer
25% 25% 25% 25%
1. 2. 3. 4.
1.00% 0.0018 15.00% 1.50%
Category Selection
What percentage of your current points would you like to wager on the next question?
1. 2. 3. 4. 5. 6. 0% 25% 50% 75% 100%
Money Math Daily Double

Using the Rule of 72, how long will it take for a $10,000 deposit to become $20,000 at 3.0%
Answer
25% 25% 25% 25%
1. 2. 3. 4.
20 years 36 years 36 months 24 years
Category Selection

Josie borrows $1,000 at 6.0% and has a $80 dollar monthly payment. How much would she owe after she makes her first payment?
Answer
25% 25% 25% 25%
1. 2. 3. 4.
$ 925 $ 995 $ 1,005 $ 920
Category Selection

You deposit $10,000 in a savings account for 3 months and when you withdraw the money you get $10,250. What was the Annual Percentage Rate?
Answer
25% 25% 25% 25%
1. 2. 3. 4.
2.50% 5.00% 10.00% 25.00%
Category Selection
Bet the Store 200 Points

The Cost of Goods sold is calculated using this.
Answer
25% 1. The Margin on Inventory 25% 2. The Total Amount Spent on Inventory 3. The Revenue on the Products 25% Sold 4. The Amount Spent to Purchase 25% the Products that were sold
Category Selection

Rent, Wages, Radio Commercials, Billboards . . .
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Are expenses. Are liabilities. Are revenue. Are profit.
Category Selection

Profit (or loss) for the week is in listed on . . .
Answer
25% 25% 25% 25%
1. 2. 3. 4.
The Paystub The Balance Sheet The Income Statement The Purchase Order
Category Selection

The amount added to the cost of a product for sale.
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Expense Margin Profit Revenue
Category Selection

The act of buying items to sell is called
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Staffing Merchandising Purchasing Pricing
Category Selection
Building Big Bucks 200 Points

A place where your money WONT grow because of interest
Answer
25% 25% 25% 25%
1. 2. 3. 4.
A Credit Union A Bank A Savings and Loan Under a Mattress
Category Selection

If you saved $11.00 per day for 40 years (at 8% interest), how much money would you have in the Bank?
Answer
25% 25% 25% 25%
1. 2. 3. 4.
$ 250,000 $ 500,000 $ 1,000,000 More than Oprah Winfrey
Category Selection

Which of the following is NOT an Interest-Bearing Account
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Checking Accounts Money Market Accounts Certificates of Deposit Savings Accounts
Category Selection

In order to know exactly how much you will earn on your deposit in a savings account, you need to know . . .
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Interest rate, fees, principal Principal, withdrawals, deposits Interest rate, principal, time Deposit, interest charges, rate
Category Selection

Most millionaires
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Were born rich. Date Super Models. Are big time corporate CEOs. Have a College Education.
Category Selection
I'll Gladly Pay You Tuesday . .. 200 Points

When you borrow money, you will pay. . .
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Fees and Interest charges Principal only Interest only Principal, Interest
Category Selection

Banks make their money by. . .
Answer
25% 25% 25% 25%
1. Borrowing at a low rate and lending at a high rate. 2. Offering Interest-Bearing Accounts 3. Lending at a low rate to many people. 4. Having their ATM machine break down.
Category Selection

The Interest rate charged by the bank for borrowed money is determined by. . .
Answer
25% 25% 25% 25%
1. 2. 3. 4.
Amount and Collateral Credit Score and Fees Time & Risk of Default (non-payment) Collateral and Character
Category Selection
What percentage of your current points would you like to wager on the next question?
1. 2. 3. 4. 5. 6. 0% 25% 50% 75% 100%
I'll Gladly Pay You Tuesday . .. Daily Double

The PIR =
Answer
25% 25% 25% 25%
1. 2. 3. 4.
AP x R AR x P P / AR AR / P
Category Selection

You have a credit card balance of $1,000. The minimum monthly payment due is 3% of your balance. The interest rate is 18% annually. How much of your minimum payment is going to Interest Charges?
You have a credit card balance of $1,000. The minimum monthly payment due is 3% of your balance. The interest rate is 18% annually. How much of your minimum payment is going to Interest Charges?
Answer
25% 25% 25% 25%
1. 2. 3. 4.
10% Half About 6% $ 9.00
Category Selection
Team Scores
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Interest Trivia

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Please select a Team.

1. Team Bling 2. Team Benjamins 3. Team Swaggadelic 4. Team All Dat

Talk like a Banker

Bet The Store

Building Big Bucks

Ill Gladly Pay You Tuesday

200 400 600 800

200 400 600 800

200 400 600 800

200 400 600 800

200 400 600 800

Talk like a Banker 200 Points

Debt Principal Interest Deposit

Talk like a Banker 400 Points

Debt Principal Interest Deposit

Talk like a Banker 600 Points

Debt Down-payment Interest-Bearing Account Principal

Talk like a Banker 800 Points

Period Compounding Amortization Interest Rate

Talk like a Banker 1000 Points

Compounding Debt Finance Charge Periodic Charge

Money Math 200 Points

$ 80.00 $ 1,008.00 $ 1,080.00 $ 1,800.00

Money Math 400 Points

1.00% 0.0018 15.00% 1.50%

Money Math Daily Double

20 years 36 years 36 months 24 years

Money Math 800 Points

$ 925 $ 995 $ 1,005 $ 920

Money Math 1000 Points

2.50% 5.00% 10.00% 25.00%

Bet the Store 200 Points

Bet the Store 400 Points

Are expenses. Are liabilities. Are revenue. Are profit.

Bet the Store 600 Points

Bet the Store 800 Points

Expense Margin Profit Revenue

Bet the Store 1000 Points

Staffing Merchandising Purchasing Pricing

Building Big Bucks 200 Points

A Credit Union A Bank A Savings and Loan Under a Mattress

Building Big Bucks 400 Points

$ 250,000 $ 500,000 $ 1,000,000 More than Oprah Winfrey

Building Big Bucks 600 Points

Checking Accounts Money Market Accounts Certificates of Deposit Savings Accounts

Building Big Bucks 800 Points

Building Big Bucks 1000 Points

I'll Gladly Pay You Tuesday . .. 200 Points

I'll Gladly Pay You Tuesday . .. 400 Points

I'll Gladly Pay You Tuesday . .. 600 Points

I'll Gladly Pay You Tuesday . .. Daily Double

I'll Gladly Pay You Tuesday . .. 1000 Points

10% Half About 6% $ 9.00

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