Personal finance math: fill in the blanks · Grade 12

The word bank and sentences

Directions: Read each sentence. Choose the best word from the word bank and write it on the line.

• Word bank: cross out each word as you use it
• interest · inflation · compound · time · double · deductions principal · budget
• 1 A · compares income with expenses.
• 2 The · is the starting amount of a loan or investment.
• 3 The rule of 72 estimates how many years money takes to ____.
• 4 interest earns interest on past interest.
• 5 Net pay is gross pay minus ____.
• 6 Paying a credit card in full each month usually avoids · charges.
• 7 When · is high, the same money buys less.
• 8 Simple interest equals principal times rate times ____.
• Your turn · Write a sentence of your own that uses a word from the word bank.