Free Printable simple interest quiz

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simple interest quiz

Total questions: 6

Worksheet time: 6mins

Name

Class

Date

1.

SI= A+P , here p is Principal and then A is what?

(a)

2.

Simple interest is very easy to calculate

a)

True

b)

False

3.

Which is the correct formula for simple interest

a)

Si=principal/rate×time

b)

SI=principal ×rate×time

4.

Which is not an advantage of simple interest

a)

Real life applications

b)

Pays more interest

5.

In Simple interest the interest does not change every year

a)

False

b)

True

6.

Give any 2 real life examples of Simple interest

4 lines

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