Mastering Simple Interest

Interest that is computed on the principal and remains constant throughout the term.

A person or institution who invests the money or makes the funds available.

A person or institution who owes the money or avails of the funds from the lender.

<p>The date on which money is received by the borrower.</p> Signup and view all the answers

<p>The date on which the money borrowed or loan is to be completely repaid.</p> Signup and view all the answers

<p>The amount of time in years the money is borrowed or invested; the length of time between the origin and maturity dates.</p> Signup and view all the answers

<p>The amount of money borrowed or invested on the origin date.</p> Signup and view all the answers

<p>The annual rate, usually in percent, charged by the lender or the rate of increase of the investment.</p> Signup and view all the answers

<p>The amount paid or earned for the use of money.</p> Signup and view all the answers

<p>The amount after t years that the lender receives from the borrower on the maturity date.</p> Signup and view all the answers

<p>principal</p> Signup and view all the answers

<p>invests</p> Signup and view all the answers

<p>owes</p> Signup and view all the answers

<p>borrower</p> Signup and view all the answers

<p>borrower</p> Signup and view all the answers