_________ amount that a person gets or pays on top of the original investment or loan

______________ It refers to the party lending money or extending credit

_______________ it refers to the sum of the principal and interest; sometimes called the future value of the principal amount

_______ refers to an interest computed on the original principal during the whole period of time of borrowing

________ it refers to the period covered from the time that the money (principal) is borrowed until its due date

_______ It refers to the amount of money extended for credit or the amount of money deposited in a bank for safekeeping

The simple interest formula is I=Prt.  What does the t represent?

______ it is duedate of the payment of the principal

______ It  refers to the charged amount for using the money over a certain period; commonly expressed in percent, but is converted to decimal

AJ borrowed $4,000 for 5 years at 6% simple interest rate. How much interest did he pay?