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Simple Interest and Amount

QuizΒ by Najla Mahmood Mubarak AlAhmed

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5 questions
Show answers
  • Q1
    What Do we Call " The time period of the loan (years, months or days)".
    interest rate
    Principal
    Time
    SI
    30s
  • Q2
    Formula of SI (Months) = Principal x Interest rate x Time /12
    False
    True
    45s
  • Q3
    The Correct Formula of Simple Interest (Years)
    SI = P Γ— i Γ— π‘»π’Šπ’Žπ’†/𝟏𝟐
    Simple Interest = Principal x interest rate x Time
    Simple Interest = Principal x Interest rate x Time /365
    45s
  • Q4
    What do we CallThe percentage (%) of simple interest.
    Interest Rate
    Principal
    Time
    Simple Interest
    45s
  • Q5
    P = BD800 , I = 3% , T= 4 Years Find SI ? SI = P x I x T
    BD 800
    BD 100
    BD 96
    45s

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