
Simple Interest - Year 09
Authored by shelomi rupasingha
Mathematics
9th - 12th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The money borrowed from a bank is called
Principal
Interest
Loan
Time
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The money deposited in a bank is called
Principal
Interest
Loan
Time
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
S.I. = principal × ---- × Time
Rate of interest
Loan
Deposited money
4.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
Jane received $875 from her graduation party. She put the money in a bank with a 4% simple interest rate. How much interest will she have earned after 7 years?
$205
$225
$245
$2,250
$2,450
5.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
Ethan borrowed $2,190 for a new dirt bike. He will pay the money back in 3 years with a simple interest rate of 2.5%. How much interest will he pay?
$164.25
$172.75
$1,642.50
$1,727.50
$ 2,354.25
6.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
Colton took out a loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest rate of 8.25%, how much total will he have paid after 5 years?
$ 6894.25
$ 7111.50
$ 21, 548.90
$ 22,890.75
$ 24,351.50
7.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will he have paid after 6 years?
$ 3,378.45
$ 37,784.50
$ 12,504.25
$ 12,595.80
$ 12, 628.45
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