Simple Interest Work Sheet
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Last updated 3:22 PM on 1/14/26
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6 Terms
1
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Interest
The amount of money a borrower pays to a lender for the temporary use of the lenders money; for the inconvenience that they cannot use it
2
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The borrower is also known as
The Debtor
3
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The Lender is also known as
The Creditor
4
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Principle (P)
The Initial money borrowed
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Maturity Valve or Future Value (M)
Principle plus interest
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Term
Time between principle and maturity value
Note 
Flashcards (56)