Q 1: Amount = Principal + _____ Loss Principal Rate Interest

Q 2: The total money which is repaid to the lender at the end of agreed time is called ___ Rate Principal Interest Amount (Total Amount)

Q 3: Interest is ________ proportional to the principal, rate of interest and time period. not directly inversely

Q 4: 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? $590 $545 $410 $500

Q 5: A=P+_?_ L T R I

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

Q 7: The extra money that is repaid to the lender in addition to the money borrowed is called _____. Amount Principal Interest Extra

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

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Question 10: This question is available to subscribers only!

