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. not directly inversely

Q 2: The agreement between lender and borrower about interest to be calculated is called _______. Principal Profit Interest Rate of Interest

Q 3: The extra money that is repaid to the lender in addition to the money borrowed is called _____. Principal Extra Amount Interest

Q 4: A=P+_?_ L R T I

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? $500 $590 $410 $545

Q 6: The amount of money one borrow for his needs (or) one lends to others is called _______. Principal Amount Interest Rate

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

Q 8: Amount = Principal + _____ Interest Loss Rate Principal

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Question 10: This question is available to subscribers only!