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

Grade5

10 Plays

100 Participants

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