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

Q 2: The amount of money one borrow for his needs (or) one lends to others is called _______.
Rate
Principal
Amount
Interest

Q 3: A=P+_?_
T
R
L
I

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 _____.
Principal
Amount
Extra
Interest

Q 7: The total money which is repaid to the lender at the end of agreed time is called ___
Rate
Principal
Interest
Amount (Total Amount)

Q 8: The agreement between lender and borrower about interest to be calculated is called _______.
Rate of Interest
Principal
Profit
Interest

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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