WorksheetsProfit And Loss And Simple Interest
Total questions: 9
Worksheet time: 15mins
What is the formula to find Simple interest ?
(Principle x time x Rate) divided by 100
Principle + rate + time
Principle + rate divided by time
Principle x time/ rate
How to find whether an object is selling at a profit?
Selling price < Cost price = Profit
Selling price > Cost price = Profit
When is a product selling at a loss?
Cost price < Selling price = Loss
Cost price > Selling price = Loss
What is Principal?
Principle is the amount you deposit or take a loan from a bank
Principle is the total amount you pay to the bank( with added SI)
Principle is the amount of years you deposited or took a loan from a bank.
What is Simple interest?
Simple interest is the extra money you pay to the bank or the amount the bank pays to you.
Simple interest is the amount you deposit in a bank
Simple interest is the time you take to return the money to the bank
Solve:-
Mary deposited $100 to a bank her rate is 3% and the time is 2 years. What is the Simple interest the bank paid to her?
(a)
Think and answer:-
If you run a bank.... how much SI will you give to a person who deposited 100 dollars for 1 year ( This question need not need a exact number)
How to calculate Loss%
Loss% = Loss/Cost Price × 100
Loss% = Loss/ selling price × 100
How to calculate Profit%
Profit % = Profit/Cost Price × 100
Profit % = Profit/ Selling price x cost price
