Naming the parts

Exercise and reference answers

Questions

1. Question

   'A sum of 10,000 is borrowed' names the

   Choices

   1. principal
   2. amount
   3. interest

   Correct choice

   principal

2. Question

   'at 15% per annum' names the

   Choices

   1. principal
   2. rate
   3. amount

   Correct choice

   rate

3. Question

   'to be paid at the end' asks for the

   Choices

   1. rate
   2. principal
   3. amount

   Correct choice

   amount

Explanation