Fill the gaps on interest

Exercise and reference answers

Missing parts

1. Answer

   hundred

   Choices

   1. hundred
   2. thousand
   3. million

2. Answer

   principal

   Choices

   1. principal
   2. payoff
   3. premium

3. Answer

   365

   Choices

   1. 365
   2. 360
   3. 300

4. Answer

   360

   Choices

   1. 360
   2. 365
   3. 350

Complete the statement

Percent means by the {0}. Simple interest is charged on the {1} alone. A daily rate divides the annual rate by {2}. Some banks use {3} days instead.

Instructions

Tap a word or figure to drop it into the slot.

Explanation