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#### Online Quiz (WorksheetABCD)

Questions Per Quiz = 2 4 6 8 10

### MEAP Preparation - Grade 7 Mathematics1.116 Simple Interest

 Directions: Answer the following qustions. Also write at least five examples of your own.
 Q 1: The agreement between lender and borrower about interest to be calculated is called _______.InterestProfitPrincipalRate of Interest Q 2: The extra money that is repaid to the lender in addition to the money borrowed is called _____.AmountExtraPrincipalInterest Q 3: The total money which is repaid to the lender at the end of agreed time is called ___Amount (Total Amount)PrincipalInterestRate Q 4: Find interest on \$75 for 9 months at the rate of 2 cents per month per dollar.\$14.40\$15.30\$12.75\$13.50 Q 5: 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\$500\$545\$590 Q 6: A=P+_?_ILRT Q 7: Amount = Principal + _____InterestLossRatePrincipal Q 8: Interest is ________ proportional to the principal, rate of interest and time period.inverselynotdirectly Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!