Simple Interest

Simple Interest

University

7 Qs

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Simple Interest

Simple Interest

Assessment

Quiz

Others

University

Practice Problem

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Created by

Nor Yusri

Used 11+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 3.25% converted to a decimal?

3.25

0.325

0.00325

0.0325

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is the formula for simple interest?

A=Prt

P=1(P+rt)

I=Prt

I=P(r+t)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does P in I=Prt means?

Principle

Principal

Percent

Price

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Borrowed

Spend

Invested

Deposited

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

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