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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.
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

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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