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Simple and Compound Interest - Vocabulary Review

Authored by Adriane Howard

Mathematics

12th Grade

CCSS covered

Used 8+ times

Simple and Compound Interest - Vocabulary Review
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14 questions

Show all answers

1.

DRAG AND DROP QUESTION

20 sec • 1 pt

When dealing with money and finance, the term ​ (a)   is defined as a charge for borrowed money generally a percentage of the amount borrowed.

interest
time
principal
annual percentage rate (APR)

Tags

CCSS.7.RP.A.3

2.

DRAG AND DROP QUESTION

20 sec • 1 pt

​ (a)   is the amount of money loaned or invested.

Principal
Interest
Rate
Future value

Tags

CCSS.7.RP.A.3

3.

DROPDOWN QUESTION

20 sec • 1 pt

​ (a)   is the total amount that is paid back when a loan is fully paid off.​ ​

Paid amount
Payoff amount
Interest
Future value

Tags

CCSS.7.RP.A.3

4.

DROPDOWN QUESTION

20 sec • 1 pt

​ (a)   is a portion of the selling price that is paid toward buying an item, like an automobile or a house.

Down payment
Installment
Interest rate
Payoff amount

Tags

CCSS.7.RP.A.3

5.

DRAG AND DROP QUESTION

30 sec • 1 pt

​ (a)   ​ (b)   ​ (c)   is the percent at which interest is paid for one year on a loan or investment.

Annual
Percentage
Rate
Monthly
Compound
Principal
Interest
Term

Tags

CCSS.7.RP.A.3

6.

DROPDOWN QUESTION

20 sec • 1 pt

​ (a)   ​ (b)   is the total amount that is earned on an investment.

Future
value
Present
principal
Interest
rate

Tags

CCSS.7.RP.A.3

7.

DROPDOWN QUESTION

20 sec • 1 pt

​ (a)   ​ (b)   the actual amount that you have in an account that has paid interest.

Future
value
Present
principal
Interest
rate

Tags

CCSS.7.RP.A.3

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