Simple Interest - Quizforces

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Assessment

Simple Interest

Learn Simple Interest usage via grade 5 level quiz questions, How to calculate simple interest?, Where to use simple interest with real life examples?, Terminology of interest calculation, etc.

ninja coder

Mathematics

Grade V

10 plays

100 players

ninja coder

Mathematics

Grade V

10 plays

100 players

10 Qs

1.
Multiple Choice
0 pts•30 s
Principal is $\$1000$ , Rate is 5% per year, Time is 2 years. Find the simple interest.
Answer choices
$\$50$
$\$100$
$\$150$
$\$200$
2.
Multiple Choice
0 pts•30 s
Principal is $5000, Rate is 4% per year, Time is 1 year. What is the simple interest?
Answer choices
$200
$100
$300
$250
3.
Multiple Choice
0 pts•30 s
$2000 is deposited for 3 years at 6% rate. What is the interest?
Answer choices
$360
$320
$400
$300
4.
Multiple Choice
0 pts•30 s
Time is 5 years, Principal is $1000, Rate is 2%. What is the interest?
Answer choices
$100
$90
$120
$80
5.
Multiple Choice
0 pts•30 s
Principal is $1500, Rate is 10% per year, Time is 1 year. Find the interest.
Answer choices
$150
$100
$120
$140
6.
Multiple Choice
0 pts•30 s
$3000 at 5% interest for 2 years gives how much interest?
Answer choices
$250
$300
$200
$350
7.
Multiple Choice
0 pts•30 s
Interest earned on $800 for 3 years at 5% per year is:
Answer choices
$120
$100
$130
$140
8.
Multiple Choice
0 pts•30 s
For $1000 at 6% per year, how much interest in 3 years?
Answer choices
$160
$180
$200
$150
9.
Multiple Choice
0 pts•30 s
Principal is $4000, Rate is 5% per year, Time is 2 years. Find the interest.
Answer choices
$400
$300
$350
$320
10.
Multiple Choice
0 pts•30 s
On $1200 at 3% interest per year for 5 years, the interest earned is:
Answer choices
$180
$200
$160
$150

Simple Interest - Quizforces