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WorksheetsSimple interest
Total questions: 10
Worksheet time: 27mins
The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
fraction
decimal
ratio
dollar amount
What does the "I" in the interest formula stand for?
It
Interest
the Headless Iron Man
Ignoramus
Aiman borrowed RM4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?
RM800
RM1,000
RM1,200
RM1,500
Jerry save RM5000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?
RM5200
RM 6000
RM 6500
RM 5500
Emili borrows RM1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
RM1500
RM192
RM1350
RM1392
You lend RM240 to your friend. He pays you back RM270. What interest rate did you charge your friend?
88%
20%
12.5%
10%
Anna invested RM2,500 at an annual rate of 5%. How long will it take until Anna earns RM1,125 in interest?
5 years
8 years
10 years
9 years
Sarah borrowed RM20,000 from two money lenders. She has to pay simple interest of 12% per annum for one of the loan and 14% per annum for the other. After one year, she paid the total of RM2560 as interest. How much did she borrow at respective rate?
12%= RM 12000 14% =RM8000
12% =RM10000 14% =RM 10000
12% =RM 15000 14% =RM 5000
12%=RM 9000 14% =RM 11000
