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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 ____.ProfitAmountPrincipalRate of Interest Q 2: The extra money that is repaid to the lender in addition to the money borrowed is called _____.ExtraInterestAmountPrincipal Q 3: A=P+_?_LTRI Q 4: Interest is ________ proportional to the principal, rate of interest and time period.notdirectlyinversely Q 5: Find interest on \$75 for 9 months at the rate of 2 cents per month per dollar.\$15.30\$14.40\$13.50\$12.75 Q 6: The total money which is repaid to the lender at the end of agreed time is called ___RateAmount (Total Amount)InterestPrincipal Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!