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

Q 2: The total money which is repaid to the lender at the end of agreed time is called ___
Principal
Rate
Interest
Amount (Total Amount)

Q 3: The interest per $100 per year is called ____.
Profit
Amount
Principal
Rate of Interest

Q 4: Interest is ________ proportional to the principal, rate of interest and time period.
inversely
directly
not

Q 5: Amount = Principal + _____
Loss
Interest
Rate
Principal

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

Q 7: A=P+_?_
T
I
R
L

Q 8: Find interest on $75 for 9 months at the rate of 2 cents per month per dollar.
$12.75
$13.50
$14.40
$15.30

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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