INTERES
Authored by Paul taca
English
6th Grade
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10 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The _________of a loan is the initial amount of money borrowed.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The ________ _____ determines the additional cost of the loan.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The ____of a loan refers to the length of time you have to repay the loan in full.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The _______ _______ includes both a portion of the principal and the interest.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor determines how much extra you will pay for a loan?
a) The bank
b) Interest rate
c) The customer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the time period during which a loan must be repaid?
Loan term
Interest rate
Monthly payment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The principal of a loan decreases with each monthly payment.
(False)
(True)
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