Simple Interest

Simple Interest

University

10 Qs

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

University

Practice Problem

Hard

Created by

niki nabawi

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

State the alternative name for original principal

Amount invested

Maturity value

Accumulated amount

Simple amount

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T is time in days

True

False

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is simple interest value?

Amount borrowed

Original amount

Money that earned when it were invested

Charge incurred when a loan/credit is obtained

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Simple interest is the interest..

That calculated based on the total amount of loan

That calculated based on the interest gained in the account

That calculated based on the original principal

That calculated based on the formula

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

RM 5000 is deposited in a bank paying 11.5% simple interest per annum. How much interest will have been paid after 4 years 6 months?

RM2547.50

RM2857. 50

RM2587. 50

RM2537. 50

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Malays Bank charges a simple interest of 18% per year for short term loans. If a loan of RM22000 was charged RM9900 as interest, how long was the term of the loan?

1 year

1 year 6 months

2 year

2 year 6 months

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

5 years ago, Nayla invested RM6600 in a bank at a simple interest rate of 7.2%. Find the amount in the account today.

RM9876

RM9976

RM8996

RM8976

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