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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

MEAP Preparation - Grade 7 Mathematics
1.116 Simple Interest


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
directly
inversely

Q 2: Amount = Principal + _____
Loss
Principal
Rate
Interest

Q 3: A=P+_?_
I
R
T
L

Q 4: The agreement between lender and borrower about interest to be calculated is called _______.
Principal
Profit
Rate of Interest
Interest

Q 5: 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?
$410
$590
$500
$545

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

Q 7: The total money which is repaid to the lender at the end of agreed time is called ___
Principal
Interest
Rate
Amount (Total Amount)

Q 8: The extra money that is repaid to the lender in addition to the money borrowed is called _____.
Principal
Extra
Interest
Amount

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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