Simple Interest - Quizforces

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Assessment

Simple Interest

Simple Interest, Study of Simple Interest, Calculating simple interest, Calculating rate of interest, Calculate principal amount, simple interest, rate of interest, interest per year, principal amount, etc.

ninja coder

Mathematics

Grade8

10 Plays

100 Participants

10 Qs

1.
Multiple Choice
1 pts•30 s
Calculate the simple interest on $1000 at 5% per annum for 2 years.
Answer choices
$50
$100
$150
$200
2.
Multiple Choice
1 pts•30 s
Find the principal amount if the simple interest earned is $120 at 6% per annum for 4 years.
Answer choices
$400
$500
$600
$700
3.
Multiple Choice
1 pts•30 s
Determine the rate of interest if simple interest of $200 is earned on $800 in 5 years.
Answer choices
4%
5%
6%
7%
4.
Multiple Choice
1 pts•30 s
Compute the time period if simple interest of $150 is earned on $500 at 5% per annum.
Answer choices
3 years
4 years
5 years
6 years
5.
Multiple Choice
1 pts•30 s
Calculate the total amount after 3 years on $2000 at 4% per annum simple interest.
Answer choices
$2240
$2120
$2180
$2300
6.
Multiple Choice
1 pts•30 s
Find the simple interest on $600 at 8% per annum for 1.5 years.
Answer choices
$48
$72
$60
$96
7.
Multiple Choice
1 pts•30 s
Determine the principal if the total amount after 2 years at 10% per annum simple interest is $1100.
Answer choices
$900
$1000
$800
$950
8.
Multiple Choice
1 pts•30 s
Calculate the rate of interest if $400 yields $80 simple interest in 2 years.
Answer choices
8%
10%
12%
6%
9.
Multiple Choice
1 pts•30 s
Find the time period for $1200 to earn $240 simple interest at 5% per annum.
Answer choices
2 years
3 years
4 years
5 years
10.
Multiple Choice
1 pts•30 s
Compute the simple interest on $1500 at 3% per annum for 4 years.
Answer choices
$120
$180
$150
$200

Simple Interest - Quizforces