Fill the gaps on compound interest

Exercise and reference answers

Missing parts

1. Answer

   principal

   Choices

   1. principal
   2. premium
   3. provision

2. Answer

   12

   Choices

   1. 12
   2. 4
   3. 52

3. Answer

   4

   Choices

   1. 4
   2. 12
   3. 24

4. Answer

   1,124.86

   Choices

   1. 1,124.86
   2. 1,120.00
   3. 1,142.86

Complete the statement

Interest is added to the {0} at each interval, so later interest is worked on a larger base. Monthly means {1} periods a year and quarterly means {2}. Abena's CD reached {3}.

Instructions

Tap a phrase to drop it into the empty slot.

Explanation