Interest bingo

Exercise and reference answers

Clues and terms

1. Clue

   The sum first lent out.

   Item

   Principal

2. Clue

   Base never changes.

   Item

   Simple int

3. Clue

   Interest joins the base.

   Item

   Compound

4. Clue

   Principal plus interest.

   Item

   Amount

5. Clue

   When interest is added.

   Item

   Conversion

6. Clue

   Two periods a year.

   Item

   Half yearly

7. Clue

   Four periods a year.

   Item

   Quarterly

8. Clue

   Per cent charged a year.

   Item

   Rate

9. Clue

   Grows in compound form.

   Item

   Population

Instructions

Read each clue and tap the term it describes.

Explanation