Simple Interest & Compound Interest Calculation

Front

You deposit RM1,000 at 6% simple interest for 3 years.

What is the principal amount deposited?

Back

RM1,000

Front

What formula is used to calculate simple interest?

Back

Simple Interest = Principal x Rate x Time

Front

You deposit RM1,000 at 6% simple interest for 3 years.

How much interest is earned after 3 years?

Back

RM180

Front

You deposit RM1,000 at 6% simple interest for 3 years.

How much total money after 3 years?

Back

RM1,180

Front

A loan of RM5,000 is given at 6% simple interest per year for 4 years.

What is the total interest?

Back

SI=P × r × t

RM 1,200

Front

You invest RM2,400 for 9 months at 10% simple interest per year.

How much interest is earned?

How much total investment after 9 months?

Back

SI=P × r × t

RM 180

Total = RM 2,580

Front

If you borrow RM12,000 and agree to pay RM14,400 after 3 years, what annual simple interest rate are you paying?

Back

SI=14,400−12,000=2,400

SI= P × r × t

r = SI / Pt

r = 2,400 / 12,000 x 3

r = 6.67%

Front

An investment of RM10,000 is compounded annually at 8% for 3 years. What is the total value?

Back

P=10,000, r=8% (annual), t=3

A = RM12,597.12

Front

An investment of RM5,000 is compounded quarterly at 6% p.a. for 2 years. What is the total value?

Back

Answer: RM 5,632.46

Front

A loan of RM8,000 is compounded monthly at 10% p.a. for 1 year. What is the total amount owed?

Back

RM 8,837.70