Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

What is Banker's Rule?

Back

Exact time & ordinary simple interest

2.

FLASHCARD QUESTION

Front

Exact time from 27 Oct 2020 to 12 Dec 2020.

Back

46 days

3.

FLASHCARD QUESTION

Front

Formula for maturity value of an investment given P (principal), r (interest rate per annum), t (investment period).

Back

4.

FLASHCARD QUESTION

Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Find the maturity date of the investment (Banker's Rule).

Back

17 March 2020

5.

FLASHCARD QUESTION

Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Find the investment period, t in year (Banker's Rule).

Back

6.

FLASHCARD QUESTION

Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Calculate the interest earned (Exact time and ordinary simple interest).

Back

RM6.88

7.

FLASHCARD QUESTION

Front

Ali saved RM1,000 on 1 Feb 2020 which is offered 5.5% simple interest rate for 45 days. Find the interest earned from the investment (Exact time & exact simple interest).

Back

RM6.76

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