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Questions Per Quiz = 2 4 6 8 10

### Grade 6 - Mathematics8.11 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.inverselydirectlynot Q 2: 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\$545\$410 Q 3: The interest per \$100 per year is called ____.AmountPrincipalProfitRate of Interest Q 4: The total money which is repaid to the lender at the end of agreed time is called ___InterestPrincipalAmount (Total Amount)Rate Q 5: The agreement between lender and borrower about interest to be calculated is called _______.Rate of InterestInterestProfitPrincipal Q 6: The amount of money one borrow for his needs (or) one lends to others is called _______.AmountRatePrincipalInterest Q 7: Find interest on \$75 for 9 months at the rate of 2 cents per month per dollar.\$15.30\$12.75\$14.40\$13.50 Q 8: The extra money that is repaid to the lender in addition to the money borrowed is called _____.ExtraPrincipalAmountInterest Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!