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

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

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