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Grade 6 - Mathematics
8.11 Simple Interest
Answer the following qustions. Also write at least five examples of your own.
: The agreement between lender and borrower about interest to be calculated is called _______.
Rate of Interest
: The total money which is repaid to the lender at the end of agreed time is called ___
Amount (Total Amount)
: The amount of money one borrow for his needs (or) one lends to others is called _______.
: The interest per $100 per year is called ____.
Rate of Interest
: The extra money that is repaid to the lender in addition to the money borrowed is called _____.
: A person borrowed $500 at the rate of 3 cents per month per dollar and repaid the amount after 6 months. How much did he repay?
: Find interest on $75 for 9 months at the rate of 2 cents per month per dollar.
: Interest is ________ proportional to the principal, rate of interest and time period.
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