1. It is a fixed percentage of the principal amount that was borrowed or lent
a Compound Interest
c. Principal
b. Interest
d Simple Interest
2. It is the interest added to accumulated interest of previous periods, so borrowers pay interest on
interest as well as principal
a Compound Interest b. Interest c. Principal d. Simple interest
3. It is the original amount of money invested or borrowed
a. Compound Interest
c. Principal
b. Interest
d. Simple Interest
4. It is the length of time we borrower invested the money.
Term
c. Loan Date
b. Maturity Date
d. Future Value
5. it is the cost of borrowing money, where the borrower pays a fee to the lender for the loan.
a. compound interest
b. interest
c. principal
d. simple interest​