Exercise
Form 8: Savings and Debt Accumulation
Analyze financial growth and debt accumulation using rates of change. Learn how savings increase or debts accumulate over time.
Questions
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MultiChoice
A bank balance graph shows savings ($) vs time (months) passing through (0, 0) and (4, 200). What is the savings rate?
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MultiChoice
A student spends down a savings account from $500 to $200 in 4 weeks. What is the rate of change per week?
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MultiChoice
What does a positive slope in a bank account balance graph mean?
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MultiChoice
What does a negative slope in a bank account balance graph mean?
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MultiChoice
An account starts with $100 and grows to $340 after 6 months. What is the monthly rate of deposit?
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MultiChoice
In a savings graph y = mx + b, what does the y-intercept b represent?
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MultiChoice
If a person saves at a rate (slope) of $50 per month, how much will they save in 12 months?
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MultiChoice
Person A saves with a slope of 80 $/month. Person B saves with a slope of 60 $/month. Which is true?
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MultiChoice
If a savings balance remains constant at $500 for 5 months, what is the slope of the graph?
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MultiChoice
A line passes through (3, 150) and (7, 290) on a savings graph. What is the rate of saving?
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MultiChoice
A loan debt drops from $1000 to $500 in 5 months of payments. What is the rate of debt reduction?
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MultiChoice
In a savings graph where y is dollars and x is months, what unit is used for the slope?