Mastering Simple Interest and Profit Loss

What is the simple interest on a principal of $500 at a rate of 5% per annum for 3 years?

• $50

• $75

• $100

• $150

If a product is bought for $200 and sold for $250, what is the profit?

• $100

• $75

• $50

• $25

Calculate the total amount after 4 years if the principal is $1,000 and the interest rate is 6% per annum.

• $1,200.00

• $1,500.00

• $1,262.48

• $1,000.00

A person invests $800 at a simple interest rate of 4% per annum. How much interest will he earn in 5 years?

• $160

• $200

• $80

• $120

If a shopkeeper sells an item for $150 and incurs a loss of $30, what was the cost price of the item?

• $120

• $150

• $200

• 180

What is the principal amount if the simple interest earned in 2 years at 10% per annum is $100?

• 400

• 600

• 500

• 300

A loan of $1,200 is taken at a simple interest rate of 8% per annum. What will be the total amount to be paid back after 3 years?

• $1440

• $1200

• $1600

• $1488

If a person sells a bicycle for $300 and makes a profit of 20%, what was the cost price of the bicycle?

• 250

• $280

• $200

• $350

Calculate the simple interest on a principal of $1,500 at a rate of 3% per annum for 2 years.

• $75

• $120

• $90

• $45

If a product is sold for $400 and the cost price is $350, what is the profit percentage?

• 10%

• 20%

• 25%

• 14.29%