What is the fee called that is paid by a borrower to the lender?

Exploring the Impact of Interest Rates on Personal Finance

Interactive Video
•
Mathematics
•
6th - 8th Grade
•
Medium

Emma Peterson
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dividend
Profit
Interest
Capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much money did Ben borrow for his university education?
$60,000
$50,000
$70,000
$40,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what annual interest rate did the bank lend money to Ben?
6%
4%
5%
3%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual interest amount Ben has to pay to the bank?
$3500
$3000
$2500
$2000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the bank pay Ben an interest rate for keeping his money in a savings account?
To secure the bank's vault
To increase bank's capital
To use his money for investments
To cover account fees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principle amount that Ben initially saved in his bank account?
$20,000
$15,000
$10,000
$5,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much interest does Ben earn in the second year on his savings?
$550
$525
$575
$500
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