Types of Interest

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Match the following types of interest with their descriptions:

Fixed interest type = Remains the same throughout the fixed rate term Variable interest type = Changes over time Annual Percentage Rate = Total cost of a loan, including interest rate and associated fees Prime interest type = No description provided in the text

Match the following terms with their Arabic translations:

Types of Interest = ‫أنواع ا لفوائد‬ Fixed interest type = ‫ن وع ا لفائدة ا لثابتة‬ Variable interest type = ‫ن وع ا لفائدة ا لمتغير‬ Annual Percentage Rate = ‫م ع دلا لنسبة ا لمئوية ا لسنوي‬

Match the following terms with their definitions:

Interest = Cost of borrowing money Compound interest type = No definition provided in the text Discounted interest type = No definition provided in the text Simple interest type = No definition provided in the text

Match the following descriptions with their related types of interest:

Total cost of a loan, including both the interest rate and any other associated fees. = Annual Percentage Rate Remains the same throughout the fixed rate term, often 2-5 years. = Fixed interest type Changes over time. = Variable interest type No description provided in the text. = Prime interest type Signup and view all the answers

Match the following terms with their durations for fixed interest type:

2-5 years = ‫إلى سنوات‬ No duration provided in the text = Compound interest type Signup and view all the answers

Match the following types of interest with their descriptions:

Prime interest type = Set by banks for their best customers Discounted interest type = Lower than a lender's standard variable rate, offered for a specific period as a promotional deal Simple interest type = Charged only on the principal amount of money borrowed Compound interest type = Charged on the principal amount and any accumulated interest, added to the principal and charged again Signup and view all the answers

Match the following terms with their meanings:

Annual Percentage Rate (APR) = Total cost of a loan, including interest rate and any associated fees, displayed as a percentage Client-side scripting = Scripting language used for web applications Variable interest rate = Rate that can change over time based on market conditions Incentive = Offered to encourage customers to borrow money or take out a loan Signup and view all the answers

Match the following loan types with their typical usage:

Personal loan = Often used for short-term borrowing, such as for personal expenses or purchases Mortgages = Long-term loans used for purchasing property or real estate Car loan = Short-term loan for purchasing a vehicle Commercial loan = For large, profitable corporations, often financially strong customers of a bank Signup and view all the answers

Match the following descriptions with their respective loan types:

Charged on the initial amount borrowed = Simple interest type Charged on principal amount and any accumulated interest = Compound interest type Displayed as a percentage and charged annually = Annual Percentage Rate (APR) Lower than standard variable rate, offered for a specific period as a promotional deal = Discounted interest type Signup and view all the answers

Match the following financial terms with their explanations:

Promotional deal = Specific period offer to encourage customer borrowing or loan acquisition Financially strong customers = Best customers of a bank, often large and profitable corporations Principal amount = Initial amount of money borrowed on which interest is calculated Accumulated interest = Interest that has been added to the principal amount and then charged again Signup and view all the answers