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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: Amount = Principal + _____
Interest
Principal
Rate
Loss

Q 2: The extra money that is repaid to the lender in addition to the money borrowed is called _____.
Principal
Interest
Extra
Amount

Q 3: Find interest on $75 for 9 months at the rate of 2 cents per month per dollar.
$15.30
$13.50
$12.75
$14.40

Q 4: A=P+_?_
T
L
I
R

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

Q 6: The agreement between lender and borrower about interest to be calculated is called _______.
Principal
Rate of Interest
Profit
Interest

Q 7: 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
$545
$590
$500

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

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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