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

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

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

Q 3: 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 $500 $410 $545

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

Q 5: The total money which is repaid to the lender at the end of agreed time is called ___ Principal Rate Interest Amount (Total Amount)

Q 6: Interest is ________ proportional to the principal, rate of interest and time period. not inversely directly

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

Q 8: The amount of money one borrow for his needs (or) one lends to others is called _______. Interest Principal Rate Amount

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