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.