WorksheetsInterest
Total questions: 12
Worksheet time: 4mins
Which of these does NOT involve interest
Buying a house
Credit cards
Insurance
Banking
the amount of money you need to pay the lender in addition to the principal
Amortization
Financing
Down payment
Interest
The original amount of money owed
Down payment
Principal
APR
Interest
True or false: You can make a profit from interest
False
True
What does it mean to finance?
provide funding for
to manage
to bank
to gift money
What does APR stand for?
A Perfect Rate
Another Pay Raise
A Projected Raise
Annual Percentage Rate
What does the table represent?
A Bank Statement
Student Loan Debt
Amortization
True or False: When you borrow money, you want the lowest interest rate possible.
True
False
What is the simple interest formula?
p=I(r/t)
I+p=r+t
I=prt
I=p+r+t
the addition of interest to the principal sum of a loan, deposit, or investment
Simple Interest
Compound Interest
Down Payment
Financing
The ______ you pay of a loan, the ______ you will pay overall.
faster, less
slower, less
faster, more
True or false: Lower monthly payments will save you money overall
True
False
