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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: A=P+_?_TLIR Q 2: The extra money that is repaid to the lender in addition to the money borrowed is called _____.AmountInterestPrincipalExtra Q 3: Interest is ________ proportional to the principal, rate of interest and time period.notinverselydirectly Q 4: The agreement between lender and borrower about interest to be calculated is called _______.InterestRate of InterestPrincipalProfit Q 5: The amount of money one borrow for his needs (or) one lends to others is called _______.RatePrincipalInterestAmount Q 6: 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 Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!