# Simple And Compound Interest: Trivia Quiz

10 Questions | Total Attempts: 316

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• 1.
Which is the formula for simple interest?
• A.

P×R/100

• B.

P×R×T/100

• C.

P×V×R

• D.

All can be used

• 2.
Which is for principal?
• A.

SI×100/R×T

• B.

SI×R×T

• C.

Si×100/R×2P

• D.

A and C

• 3.
What will the formulae of SI be if rates vary?
• A.

SI(R×2P)/100

• B.

2(SI +T)/100

• C.

P×(R1+R2+R3+R4...)/100

• D.

None of the above

• 4.
Calculate the simple interest of an amount of 500, with 3% increase after 4 years?
• A.

35,357

• B.

500754

• C.

79,3678

• D.

None of the above

• 5.
What is the difference between Money borrowed and amount?
• A.

Simple interest

• B.

Compound interest

• C.

A and B

• D.

None of the above

• 6.
Which is a formula for Compound interest?
• A.

P*1+5n

• B.

A=P×[1+(r/100)] n

• C.

R+n/100

• D.

1+n/100

• 7.
What is the compound interest of a rate of 3.5 % first year, 6.8 second year and 9% the third year. Calculate the amount.
• A.

68,900

• B.

36,895

• C.

67,958

• D.

None of the above

• 8.
Which is the compound interest for 6 years?
• A.

P×[1+(r/100]6n

• B.

P×2n×6

• C.

All of the above

• D.

None of the above

• 9.
Which is the formula for compound interest of six months?
• A.

P[1+R/2/100] ^2n

• B.

P×5(1+n)

• C.

All of the above

• D.

None of the above

• 10.
What does amount mean?
• A.

• B.

Accumulation of money borrowed and interest

• C.

The interest on money borrowed

• D.

All of the above

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