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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 amount of money one borrow for his needs (or) one lends to others is called _______.InterestAmountRatePrincipal Q 2: The extra money that is repaid to the lender in addition to the money borrowed is called _____.PrincipalInterestAmountExtra Q 3: The total money which is repaid to the lender at the end of agreed time is called ___RateAmount (Total Amount)InterestPrincipal Q 4: Amount = Principal + _____RateInterestPrincipalLoss Q 5: A=P+_?_ILTR Q 6: The agreement between lender and borrower about interest to be calculated is called _______.ProfitRate of InterestPrincipalInterest Q 7: The interest per \$100 per year is called ____.AmountPrincipalRate of InterestProfit Q 8: Interest is ________ proportional to the principal, rate of interest and time period.notinverselydirectly Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!