simple interest quiz

SI= A+P , here p is Principal and then A is what?

Simple interest is very easy to calculate

• True

• False

Which is the correct formula for simple interest

• Si=principal/rate×time

• SI=principal ×rate×time

Which is not an advantage of simple interest

• Real life applications

• Pays more interest

In Simple interest the interest does not change every year

• False

• True

Give any 2 real life examples of Simple interest