Banking Jeopardy

1
Banking Jeopardy
2
Interest - 100

• Find the simple interest earned. Round to the
  nearest cent.
• Principal300
• Rate5
• Time2 years

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3
Doubling Your - 100

• State the rule for doubling your money.

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4
Checking Accounts- 100

• Name at least 4 parts of a check.

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5
Radical Reconciling - 100

• Name at least 3 reasons for balancing your
  checkbook.

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6
Rocking Review - 100

• Change these percents to decimals
• 1. 13.8
• 2. 2 ¼
• 3. 9

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7
Interest - 200

• Compute the new principal at the end of one
  year when the interest is compounded quarterly.
• Principal100
• Rate of Interest5.5

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8
Doubling Your - 200

• Estimate the length of time that it would take
  to double your money at 14.5 interest compounded
  annually.

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9
Checking Accounts - 200

• Write in words the amounts as they would appear
  on a check
• 1. 999.86
• 2. 43.45

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10
Radical Reconciling - 200

• Compute the new checkbook balance.
• Previous balance391.25
• Checks written18.62 12.88 103.45 7.99
• Deposits made 51.00 105.00

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11
Rocking Review - 200

• A person came to work at 830 am, went out at
  1145 am, had lunch, came in at 1230 pm, and
  left at 515 pm. How many hours did this person
  work?

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12
Interest - 300

• Erwin borrowed 2,800 at the simple interest
  rate of 6.5 APR for 2 yrs. Compute the total
  owed.

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13
Doubling Your - 300

• Would you double your money sooner with a simple
  interest rate of 8 or a compound interest rate
  of 6? Show your work.

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14
Checking Accounts - 300

• Name at least 4 tips for preventing check fraud.

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15
Radical Reconciling- 300

• Reconcile the following account
• Statement ending balance 50.25
• Check-register balance 121
• Outstanding Checks 25 10.25
• Outstanding Deposits 100
• Service Charge 6.00

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16
Rocking Review - 300

• Match the following terms
• Biweekly Twice a year
• Bimonthly 4 times a year
• Semiannually 6 times a year
• Quarterly 26 times a year

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17
Interest - 400

• Tommy deposits 100 in an account that earns 4
  interest, compounded semiannually. Calculate the
  amount in the account after one year.

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18
Doubling Your - 400

• Find the number of years it takes for an
  investment to double at each of these rates of
  yearly compounded interest.
• 5
• 6.5

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19
Checking Accounts - 400

• In your own works, write the definitions of the
  following terms
• Outstanding Checks
• Check register
• Service Charge
• Bank statement

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20
Radical Reconciling - 400

• Reconcile the following account. Does this
  checkbook balance agree with the bank statement
  balance?
• Bank statement balance 68.42
• Checkbook balance 95.42
• Outstanding checks 20.00 55.00
• Outstanding Deposits 100

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21
Rocking Review - 400

• What is the overtime rate for a mail carrier who
  regularly earns 9.80 an hour?

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22
Interest - 500

• Nathan wants to know how much his 9,000
  investment will be worth in 20 years at 6
  interest compounded daily.

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23
Doubling Your - 500

• When doubling your money what must the interest
  equal and how do you know this?
• The value at maturity
• The dividends
• The principal
• The total amount earned

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24
Checking Accounts - 500

• David makes a deposit at his bank. He has a
  paycheck for 182.38 and his mom gave him a 20
  check for his birthday. In addition, he has
  23.86 in coin. He needs 42 in cash. What is
  his net deposit?

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25
Radical Reconciling - 500

• When you have a checking account, you receive a
  _________,or summary, from your bank.
  Reconciling your checkbook with bank statements
  will help you avoid _________, or writing checks
  for more money than you have in your account.

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26
Rocking Review - 500

• Rusty just got a raise to 190 per week. In
  addition, he makes 3.2 commission on all sales.
  If his sales were 2,100 for last week, what were
  Rustys total earnings.

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