Simple Interest

What is 3.25% converted to a decimal?

• 3.25

• 0.325

• 0.00325

• 0.0325

Which one is the formula for simple interest?

• A=Prt

• P=1(P+rt)

• I=Prt

• I=P(r+t)

Alif Teega deposited RM500 in Mama Bank with 2.5% interest per annum for 10 years. What is the simple interest earned after 10 years?

• RM12500

• RM1250

• RM125

• RM1.25

If you are given the time in months to calculate the simple interest, how can you find time in years?

• Add 12 to months

• Divide months by 12

• Multiply 12 to the months

• Cannot change it to months

What does P in I=Prt means?

• Principle

• Principal

• Percent

• Price

Which one is NOT representing the word Principal in Simple Interest?

• Borrowed

• Spend

• Invested

• Deposited

Jungkook borrowed RM1200 from Seven Bank with a 8% simple interest per year. How much he has to pay back IN TOTAL after 2 years?

• RM150

• RM1350

• RM192

• RM1392