Financial Literacy Vocab

Front

What is the principal?

Back

Beginning amount of money invested or borrowed.

Tags

CCSS.7.RP.A.3

Front

What is interest?

Back

price paid over time for borrowing money

Front

What is the amount accumulated?

Back

ending amount, total balance, current value

Front

Lelani borrowed $50 from Ms. Pierson and paid back $60 after 3 months. What is the principal?

Back

$50

Tags

CCSS.7.EE.B.3

Front

Lelani borrowed $50 from Ms. Pierson and paid back $60 after 3 months. What is the interest?

Back

The question doesn't tell us.

Tags

CCSS.7.RP.A.3

Front

Lelani borrowed $50 from Ms. Pierson and paid back $60 after 3 months. Amount accumulated?

Back

$60

Tags

CCSS.7.NS.A.3

Front

Sayge invested $500 and earned $250 in interest after 5 years. Principal?

Back

$500

Tags

CCSS.7.RP.A.3

Front

Sayge invested $500 and earned $250 in interest after 5 years.

Back

$250

Tags

CCSS.7.RP.A.3

Front

Sayge invested $500 and earned $250 in interest over 5 years. What is the accumulated amount?

Back

The question doesn't tell us.

Tags

CCSS.7.RP.A.3

Front

10 years ago, Jordan's parents opened a bank account that earned $700 in interest, totaling $1,800 now. What was the principal?

Back

The question doesn't tell us.