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
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