Free Printable Loans and Interest Rates

Worksheets

Loans and Interest Rates

Total questions: 20

Worksheet time: 30mins

Name

Class

Date

Something a bank or financial institution makes and charges you interest?

time

Loan

rate

sales tax

A sum paid or charged for the use of money

interest

time

sales tax

principal

You must have insurance on your vehicle?

true

false

You will need a drivers license and a vehicle registration to operate your car?

true

false

When getting a car loan you will want to get the highest or the lowest interest rate?

lowest

highest

Purchasing a car on a loan through the bank or dealership is called:

franchising

financing

amortizing

loaning

Brenda's bank offers car financing for 3, 4, or 5 years. If Brenda chooses 5-year financing, how many monthly payments will she have?

What would happen to a monthly payment if the interest rate increased?

The payment would go up.

The payment would go down.

The payment would remain the same.

None of the above.

Those with a college degree, on average, earn thousands of more dollars/year when compared to those with just a HS dipolma

True

False

10.

This is the form you must fill out before going to college in order to get aid from the government to pay for college

FAFSA

FASAF

FASFA

AFSAF

11.

A federal student loan is provided by...

Private companies

The state you live in

US Federal government

Investors

12.

A subsidized loan is when ____________________ pays the interest while you are in school, while an unsubsidized loan is when ___________________ pays the interest while you are in school.

the government; parents

the borrower; parents

the borrower; the government

the government; the borrower

13.

what are ways to avoid paying or minimizing your student loan debt?

obtain Scholarships/ Financial Aid
join debt relief government programs make timely payments on loan/ get a public service job, government or non profit.

buy food and forget about it

make more late payments

take out another loan to pay off that loan

14.

A bank, savings and loan, credit union or dealership that makes loans to individuals or businesses.

Auto loan

Loan terms

Lender

Depreciation

15.

What is the principal of the loan?

the initial amount of the loan

the cost of borrowing the loan

the period of time you take out the loan for

a manager in charge of the loan

16.

What is the interest of the loan?

the initial amount of the loan

the cost of borrowing the loan

the period of time you take out the loan for

a manager in charge of the loan

17.

Which of these helps determine your credit score?

Your grocery buying history

Your loan repayment history

Your paycheck from your job

Your apartment lease

How many credit cards you have

18.

What does APR stand for?

Annual Percentage Rate

Apples Per Ripe

Annual Percentage Real

Aging Percentage Rate

19.

If you are earning interest, then which type of interest would more likely lead to more earnings?

Simple interest

Compound interest

20.

Which type of interest rate is generally considered to be riskier?

fixed

variable

100 %

Loans and Interest Rates

Total questions: 20

Worksheet time: 30mins

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