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WorksheetsS&C interest
Total questions: 10
Worksheet time: 3mins
It is the person who owes the money or avails of the funds from the lender.
Lender
Borrower
Giver
Cashier
It is the percentage of the principal amount which represents the cost or fee for borrowing or lending money.
Profit
Gain
Income
Interest Rate
It is the agreed date when the loan will be paid in full.
Year
Months
Time
Days
It is the charged to a borrower or earned by a lender for the full term of the loan.
Simple Interest
Compound Interest
Interest
Interest Rate
It is charged or earned is being rolled-over and reinvested with the principal amount.
Simple Interest
Compound Interest
Interest
Interest Rate
The sum to which present investment will grow by a specific future date, when compounded at a given interest rate.
Principal Amount
Interest Rate
Future Value
Compound Interest
Change 4.75% to a decimal.
47.5
.475
475
.0475
Mika borrowed ₱4,000 for 5 years at 6% simple interest rate. How much will Mika pay in interest for his loan?
₱800
₱1,000
₱1,200
₱1,500
The simple interest formula is I = Prt . The P represents the principal amount. The principal amount is ___________________.
the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
