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### Grade 6 - Mathematics8.11 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 _______.ProfitRate of InterestInterestPrincipal Q 2: The total money which is repaid to the lender at the end of agreed time is called ___InterestAmount (Total Amount)RatePrincipal Q 3: The amount of money one borrow for his needs (or) one lends to others is called _______.RateAmountInterestPrincipal Q 4: The interest per \$100 per year is called ____.Rate of InterestProfitPrincipalAmount Q 5: The extra money that is repaid to the lender in addition to the money borrowed is called _____.ExtraPrincipalInterestAmount 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.inverselynotdirectly Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!