 Name: ___________________Date:___________________

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### Grade 6 - Mathematics8.11 Simple Interest Directions: Answer the following qustions. Also write at least five examples of your own. Name: ___________________Date:___________________

### Grade 6 - Mathematics8.11 Simple Interest

 Q 1: Amount = Principal + _____LossPrincipalRateInterest Q 2: The total money which is repaid to the lender at the end of agreed time is called ___RatePrincipalInterestAmount (Total Amount) Q 3: Interest is ________ proportional to the principal, rate of interest and time period.notdirectlyinversely 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+_?_LTRI Q 6: The amount of money one borrow for his needs (or) one lends to others is called _______.RatePrincipalAmountInterest Q 7: The extra money that is repaid to the lender in addition to the money borrowed is called _____.AmountPrincipalInterestExtra Q 8: The agreement between lender and borrower about interest to be calculated is called _______.Rate of InterestProfitInterestPrincipal Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!