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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: Interest is ________ proportional to the principal, rate of interest and time period.inverselynotdirectly Q 2: The amount of money one borrow for his needs (or) one lends to others is called _______.RatePrincipalAmountInterest Q 3: A=P+_?_TRLI Q 4: Find interest on \$75 for 9 months at the rate of 2 cents per month per dollar.\$14.40\$12.75\$15.30\$13.50 Q 5: 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?\$545\$410\$590\$500 Q 6: The extra money that is repaid to the lender in addition to the money borrowed is called _____.PrincipalAmountExtraInterest Q 7: The total money which is repaid to the lender at the end of agreed time is called ___RatePrincipalInterestAmount (Total Amount) Q 8: The agreement between lender and borrower about interest to be calculated is called _______.Rate of InterestPrincipalProfitInterest Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!