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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 interest per \$100 per year is called ____.Rate of InterestAmountPrincipalProfit Q 2: Interest is ________ proportional to the principal, rate of interest and time period.notdirectlyinversely Q 3: 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\$545\$410 Q 4: The total money which is repaid to the lender at the end of agreed time is called ___InterestRateAmount (Total Amount)Principal Q 5: Amount = Principal + _____PrincipalRateLossInterest Q 6: Find interest on \$75 for 9 months at the rate of 2 cents per month per dollar.\$13.50\$14.40\$12.75\$15.30 Q 7: The agreement between lender and borrower about interest to be calculated is called _______.Rate of InterestPrincipalInterestProfit Q 8: A=P+_?_RTLI Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!