kwizNET Subscribers, please login to turn off the Ads!
Email us to get an instant 20% discount on highly effective K-12 Math & English kwizNET Programs!

Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.28 Simple Interest - IV

Example:
P = $18,600, I = $2,232 and T = 4years, then find rate of interest.

Solution:
Formula
I = PTR/100
Where I = Interest, P = Principal, T = Time and R = Rate or interest.

Therefore:
R = (I*100)/(PT)

Substituting the given values in the above formula.
R = (2232 * 100) / (18600 * 4)
R = 3%


Directions: Solve the following problems. Also write at least ten examples of your own.
Q 1: P = $8,600, I = $688 and T = 1years then find rate of interest.
8%
9%
6%
7%

Q 2: P = $4,700, I = $282 and T = 2years then find rate of interest.
2.5%
3.5%
3%
2%

Q 3: P = $5,600, I = $672 and T = 3years then find rate of interest.
6%
5%
4%
8%

Q 4: P = $52,600, I = $7,364 and T = 2years then find rate of interest.
7%
6%
9%
8%

Q 5: P = $7,600, I = $1,368 and T = 2years then find rate of interest.
6%
9%
7%
8%

Q 6: P = $18,600, I = $3,348 and T = 2years then find rate of interest.
8%
6%
9%
7%

Q 7: P = $7,600, I = $152 and T = 2years then find rate of interest.
1%
2.5%
2%
1.5%

Q 8: P = $21,800, I = $5,232 and T = 3years then find rate of interest.
6%
9%
7%
8%

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


Subscription to kwizNET Learning System offers the following benefits:

  • Unrestricted access to grade appropriate lessons, quizzes, & printable worksheets
  • Instant scoring of online quizzes
  • Progress tracking and award certificates to keep your student motivated
  • Unlimited practice with auto-generated 'WIZ MATH' quizzes
  • Child-friendly website with no advertisements
  • Choice of Math, English, Science, & Social Studies Curriculums
  • Excellent value for K-12 and ACT, SAT, & TOEFL Test Preparation
  • Get discount offers by sending an email to discounts@kwiznet.com

Quiz Timer