Match the following terms with their definitions.
-Ordinary interest
A)360 days
B)Principal times rate times time
C)Cost of borrowing
D)365 days
E)Result of applying the U.S. rule
F)Maturity value
G)Partial payment must be applied to interest first
H)Amount due on due date
I)Amount of money borrowed
J)Consumer groups against it

Question

Quizplus · Accepted Answer

Ordinary interest is calculated based on a 360-day year.

Match the Following Terms with Their Definitions