vocabulary
The original amount of money invested or borrowed before adding interest is?
What is Principal
The interest of a car loan that is $15,000 at 6% interest for 4 years?
What is $3600
The interest on a loan that is $15,000 at 6% for 3 years and 8 months is?
What is $3,300
10% of 25 is
What is 2.5
The savings account balance was $3,000 for 3 years. It drew $25.00 interest. What was the interest rate?
What is .28%
The cost of borrowing money or the earnings for savings/investing is?
Interest
The interest on a $20,000 loan at 8% for 5 years is?
What is $8,000
The interest on a loan that is $20,000 at 8% for 4 years and 10 months is ?
what is $7333.33
25% of 200 is
50
A deposit of $600 at 2.5% made $10.00 interest. How long did it take?
What is 2/3 of a year or 8 months
A loan used to buy property, like a home is? You pay it back through regular payments that typically cover taxes and insurance.
What is a Mortgage
The interest on a $25,000 loan at 2% for 6 years is?
what is $3,000
The interest for a loan that is $25,000 for 2% for 6 years and 5 months is?
What is $3,208.33
15% of 80 is
What is 12
The total of $40 interest on your principal balance of $3,200 over 8 years. The rate is
What is .156% or .16%
The total amount of funds in a specific account at a given time or the outstanding amount owed is?
What is a Balance
The total amount you will pay after interest on a loan that is $10,000 at 1.5% interest for 3 years is?
What is $10,450
What is the total amount after interest on a loan that is $10,000 at 1.5% for 2 years and 4 months?
What is $10,350
75% of 800
What is 600
The total of $16.25 was earned in interest on your principal balance of $5,800 with a rate of .09%. How long will it take to earn this?
3.1 years
The sum of money placed into a financial account for safekeeping is? They can be made via cash or check.
What is a Deposit
The total amount you will owe on a $70,000 truck loan at .75% interest for 5 years is?
What is $72, 625
What is the total amount on a loan that is $70,000 at .75% for 5 years and 9 months?
What is $73,018.75
60% of 6000
What is 3600
A total of $13.15 interest was earned over 11 years with a rate of .03%. The principal is?
What is $3984.85