Match each variable with a variable by placing the correct letter on each line.
a) principal
b) interest
c) interest rate
d) term/time
2 years
1.5%
$995
$29.85
Principal is $995
Interest is $29.85 since 995 * .0.15 * 2 = 29.85
Interest rate is 1.5%
Term/time is 2 years
a) principal
b) interest
c) interest rate
d) term/time
2 years
1.5%
$995
$29.85
Principal is $995
Interest is $29.85 since 995 * .0.15 * 2 = 29.85
Interest rate is 1.5%
Term/time is 2 years