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Simple Interest

Total questions: 7

Worksheet time: 4mins

Name
Class
Date
1.

What is 3.25% converted to a decimal?

a)

3.25

b)

0.325

c)

0.00325

d)

0.0325

2.

Which one is the formula for simple interest?

a)

A=Prt

b)

P=1(P+rt)

c)

I=Prt

d)

I=P(r+t)

3.

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?

a)

RM12500

b)

RM1250

c)

RM125

d)

RM1.25

4.

If you are given the time in months to calculate the simple interest, how can you find time in years?

a)

Add 12 to months

b)

Divide months by 12

c)

Multiply 12 to the months

d)

Cannot change it to months

5.

What does P in I=Prt means?

a)

Principle

b)

Principal

c)

Percent

d)

Price

6.

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

a)

Borrowed

b)

Spend

c)

Invested

d)

Deposited

7.

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?

a)

RM150

b)

RM1350

c)

RM192

d)

RM1392