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

Q 1: Interest is ________ proportional to the principal, rate of interest and time period. not inversely directly

Q 2: The interest per $100 per year is called ____. Profit Rate of Interest Principal Amount

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

Q 4: Amount = Principal + _____ Principal Rate Interest Loss

Q 5: The extra money that is repaid to the lender in addition to the money borrowed is called _____. Interest Principal Extra Amount

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? $590 $545 $410 $500

Q 7: The amount of money one borrow for his needs (or) one lends to others is called _______. Amount Rate Interest Principal

Q 8: A=P+_?_ T R L I

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Question 10: This question is available to subscribers only!