Simple interest

Simple interest

9th - 11th Grade

6 Qs

quiz-placeholder

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Simple interest

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Assessment

Quiz

Mathematics

9th - 11th Grade

Hard

Created by

Noroja Rouzbehi

Used 2+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the simple interest on $4000 at 3.5% p.a. For 6 years?

$84

$840

$8400

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

To find the simple interest on $75 640 at 18.3% p.a. For 210 days, the calculation 75 640 x 0.183 should be multiplied by what fraction?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total value of investment of $17 400 over two years at 3.75% p.a. flat rate interest?

$1305

$13050

$18705

$187050

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A $13000 investment has earned $2808 in simple interest after 4 years. What is the annual interest rate?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many years would it take for an investment of $4000 with simple interest of 2.5% p.a. to earn $200 interest?

1 year

1.5 years

2 years

2.5 years

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

How much interest is charged for a loan of $8000 if 12 repayments of $900 was made?