Q 1: Using the normal convention, simple interest T = 100I/PR. False True

Q 2: If the selling price is more than the cost price there is ____. no gain loss profit

Q 3: Peter can do 1/49th of a piece of work in a day, then he can do the the complete work in ____ days. 49 1/49

Q 4: Peter borrowed $7500 at 16% compound interest for two years. The amount he would pay at the end of the second year would be _______. $10,092 $9,535 $11,345

Q 5: If the selling price is less than the cost price there is ______. Answer:

Q 6: Amount = Principal + ________. Time Rate Interest

Q 7: Matt and John started a business with capitals of $3000, and $5000 respectively and made a profit of $1880, then Matt's share of the profit would be _____. $800 $705 $930

Q 8: The interest agreed to be paid per year as a percentage is called the _____. amount principal rate

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Question 10: This question is available to subscribers only!

