Name: ___________________

Date:___________________

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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.

Name: ___________________

Date:___________________

Grade 6 - Mathematics
8.11 Simple Interest

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!


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