Friday Maths Quiz

Find the simple interest on #600 at 6 ½ % per annum after ten years.

 

Answer explanation

390

What principal will gain #450.00 in 3 years at 7 ½ % per annum?

Answer explanation

2000

The simple interest on a loan of #35000 borrowed for     7 years is #700. At what rate is the loan given?

Answer explanation

2/7

How many years are needed for #20000 to produce #6ooo interest at 12 % per annum on simple interest?

Answer explanation

2 1/2

Find the amount payable on #720 for 10years at 5% per annum.

Answer explanation

360

What will the sum of #600.00 amount to in 3 years 6 months at 15% simple interest?

Answer explanation

915

What is the simple interest on #450 for 3 years at 5 %?

Answer explanation

67.50

I invested some money in a bank that paid 5 % simple interest per year. If my interest after 2 years was #120, how much did I invest?

Answer explanation

1200

How long will it take to gain an interest of #3500.00 on #15000 principal at 5% per annum ?

Answer explanation

4 2/3

Find the rate at which the sum of one thousand naira will yield a simple interest of #500 in 4 years.

Answer explanation

12 1/2