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Ch 1 - simple interest test

QuizΒ by Walaa Hijres

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5 questions
Show answers
  • Q1
    what is the principle?
    amount of money invested or borrowed
    director
    the rate of loan
    30s
  • Q2
    interest rate is ..
    the amount of money
    the actual amount
    the rate in percentage
    the backup rate
    30s
  • Q3
    T in the equation means ..
    the period of time for the loan or investment
    period of the collection charge
    period before the expiry date of the medicine
    30s
  • Q4
    (SI = P Γ— i Γ— π‘»π’Šπ’Žπ’†/𝟏𝟐 ) is the equation of the simple interest with change in time of
    years & months
    years
    months
    days
    30s
  • Q5
    we must use exact simple interest equation if
    mentioned trade
    currency $ or KD
    mention BD
    currency whether Β£ or KD
    30s

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