Hulsebosch Borrowing/Lending Vocabulary Words

Borrowing/Lending Vocabulary Words

Vocabulary Words Practice

Borrowing and Lending Vocabulary Words

• Savings→ money deposited in an account a bank or credit union

• Account→ a record of any savings or investment

• Investments→ money deposited into an account that represents a business

• Principal→ amount of money that is put into an account

Fill in the Blanks

The amount of money put into an account is called the

Multiple Choice

Benji put money he earned during chores into his bank account. This money is an example of...

• savings

• account

• balance

• interest

Multiple Choice

Veer has a business where he sells t-shirts. Rayyan wants to give him money for this business, so he puts money into Veer's account. What is this an example of?

• Investment

• Account

Borrowing and Lending Vocabulary Words

• Interest→ amount of money that the principal earns on a savings account

• Dividend→ Amount of money that the principal earns on an investment

• Deposit→ to put money into an account

• Withdraw→ to take money out of an account

• Balance→ amount of money that remains in the account at any time

Fill in the Blanks

The amount of money that the principal earns while in savings is called...

Multiple Choice

Aaniyah wants to put her money into a bank so that she knows how much money she has saved. What does she have to do?

• A deposit into her account

• a withdrawal from her account

• check the balance of her account

Multiple Choice

Emma Saver deposited $75 she earned from collecting soda cans into her savings account. Her money earned $5 in interest. What

was the total that Emma had in her account?

• $70

• $80

• $105

Multiple Choice

Benjamin Frank Linn deposited $4,000 into his savings account from his kite business. After five years, his balance was $4,900. How much interest did Benjamin earn on his money?

• $42

• $8,900

• $900

Multiple Choice

Hugo Smart deposited $200 from his elephant-washing business into his savings account. After five years, his account balance was $244. How much interest had he earned?

• $44

• $244

• $200

Multiple Choice

John Waster spent $350 on a pair of new shoelaces. If he had deposited the money in his savings account, it would have grown to $390 in about two years. How much interest could John have earned?

• $40

• $390

• $30

Multiple Choice

Richie Money had an account balance of $3,800. If he had earned $700 in interest, how much did he originally deposit into his account?

• $4,500

• $3,100

• $700

Multiple Choice

You deposited $10 in your savings account every month for four years. All together you deposited $480. However, your account balance with interest is $540. How much interest did you earn?

• $50

• $60

• $1,020