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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 amount of money one borrow for his needs (or) one lends to others is called _______.PrincipalRateAmountInterest Q 2: Interest is ________ proportional to the principal, rate of interest and time period.inverselydirectlynot Q 3: The extra money that is repaid to the lender in addition to the money borrowed is called _____.ExtraPrincipalAmountInterest Q 4: The interest per \$100 per year is called ____.Rate of InterestAmountProfitPrincipal Q 5: A=P+_?_TIRL Q 6: Amount = Principal + _____LossInterestRatePrincipal Q 7: 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\$545\$590\$410 Q 8: The agreement between lender and borrower about interest to be calculated is called _______.InterestProfitPrincipalRate of Interest Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!

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