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Grade 6 - Mathematics
8.11 Simple Interest


Directions: Answer the following qustions. Also write at least five examples of your own.
Q 1: The agreement between lender and borrower about interest to be calculated is called _______.
Profit
Rate of Interest
Interest
Principal

Q 2: The total money which is repaid to the lender at the end of agreed time is called ___
Interest
Amount (Total Amount)
Rate
Principal

Q 3: The amount of money one borrow for his needs (or) one lends to others is called _______.
Rate
Amount
Interest
Principal

Q 4: The interest per $100 per year is called ____.
Rate of Interest
Profit
Principal
Amount

Q 5: The extra money that is repaid to the lender in addition to the money borrowed is called _____.
Extra
Principal
Interest
Amount

Q 6: 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?
$500
$410
$545
$590

Q 7: Find interest on $75 for 9 months at the rate of 2 cents per month per dollar.
$15.30
$13.50
$14.40
$12.75

Q 8: Interest is ________ proportional to the principal, rate of interest and time period.
inversely
not
directly

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Question 10: This question is available to subscribers only!


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