14
practice testMultiple Choice

Practice Test

Question 14 • Grade 7 Mathematics

Which term is a word for an initial amount of money that is borrowed or invested?

Answer
A
time
B
interest rate
C
principal
D
interest

Explanation

The initial amount of money borrowed or invested is called the principal. Interest is the additional money earned or paid, while the interest rate describes how quickly it accrues; time is the length of the loan or investment.

AI-written and checked against the verified answer.

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