Directions: Answer the following qustions. Also write at least five examples of your own.

Q 1: Amount = Principal + _____ Interest Principal Rate Loss

Q 2: 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 $410 $590 $545

Q 3: The total money which is repaid to the lender at the end of agreed time is called ___ Amount (Total Amount) Rate Interest Principal

Q 4: Find interest on $75 for 9 months at the rate of 2 cents per month per dollar. $13.50 $12.75 $15.30 $14.40

Q 5: A=P+_?_ R T I L

Q 6: The amount of money one borrow for his needs (or) one lends to others is called _______. Amount Rate Interest Principal

Q 7: The agreement between lender and borrower about interest to be calculated is called _______. Interest Principal Profit Rate of Interest

Q 8: The interest per $100 per year is called ____. Amount Principal Rate of Interest Profit

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Question 10: This question is available to subscribers only!