Question

match the numbers w the corecct question

Vocabulary Quiz

Question 1 options:

Calculates the total amount of money made on the money saved and the interest earned


The price you pay to borrow money expressed in percentage


Calculates the amount of interest charged on a sum at a given rate, for a given period of time


A sum of money lent or invested, on which interest is paid


Take or receive something with the promise or intent of returning it

1.
Simple Interest

2.
Compound Interest

3.
Interest Rate

4.
Principal

5.
Borrow

Answer 1

1. Calculates the amount of interest charged on a sum at a given rate, for a given period of time
- Simple Interest

2. The price you pay to borrow money expressed in percentage
- Interest Rate

3. Calculates the total amount of money made on the money saved and the interest earned
- Compound Interest

4. A sum of money lent or invested, on which interest is paid
- Principal

5. Take or receive something with the promise or intent of returning it
- Borrow