Interest

By: Miranda, Dillon, James & Ethan

What is Interest?

Earning Interest: Things such as savings accounts and certificates of deposit (CDs) that the bank has to pay the holder for having these accounts.


Paying Interest: When borrow money from a bank, a person has to pay a certain percentage to the bank until the loan is paid off.

The Simple Version of Interest...

Earning Interest: Things such as savings accounts and certificates of deposit (CDs) that the bank has to pay the holder for having these accounts


Paying Interest: When borrow money from a bank, a person has to pay a certain percentage to the bank until the loan is paid off.

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