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Unit One Integers > Simple Interest > Flashcards

Simple Interest Flashcards

1
Q

Sime Interest

A

A consistent amount of money paid or earned for the use of money

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2
Q

Principal

A

initial amount of money (borrowed or deposit)

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3
Q

Interest rate

A

The percentage of the loan amount (over a length of time) that a borrower must pay the use of money

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4
Q

Time

A

How long it takes to pay back a loan

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Unit One Integers (3 decks)

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