Basic Concepts Simple Interest
9 Questions
| Total Attempts: 4616
This test involves the use of the simple interest formula to find, principal P, amount A, Rate R, Time in years, Simple InterestI let's begin and learn about it!
Questions and Answers
- 1.
- A.
$ 4000
- B.
$2800
- C.
$5600
- D.
$3400
- E.
$200
- 2.Principal + Interest = ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
- 3..............................the percent charged or earned
- 4.
- A.
$12
- B.
$13.20
- C.
$26.40
- D.
$26
- E.
$33
- 5.
- A man wishes to invest $1500 . He can invest in uLintplus Investment club which pays simple interest of 8%for 3 years. What is the amount in his account after 3 years
- A.
$18321
- B.
$1860
- C.
$1830
- D.
$1524
- E.
$5024
- 6.Calculate the time T for $1000 to become$1300 at a rate of 5 %
- A.
3 years
- B.
6 years
- C.
9 years
- D.
6. 5 months
- E.
10 years
- 7.
- A.
$ 200
- B.
$2000
- C.
$1300
- D.
$2400
- E.
$1020
- 8.When you borrow money from the bank you pay
- 9.
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