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: 9 | Attempts: 5652 | Last updated: Jan 19, 2021
Smith deposited $40, 000 in a bank and earned simple interest at 7 % per
annum for two years. Calculate the interest earned at the end of the period.
Questions: 12 | Attempts: 1570 | Last updated: Oct 26, 2020
A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
This is a quiz to test students' knowledge of simple interest.
Questions: 7 | Attempts: 284 | Last updated: Jan 17, 2019
What is 5 1/4 % as a fraction in lowest terms?