Simple Interest (HSC SSCE Mathematics Standard): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is the key feature of simple interest?
What is the key feature of simple interest?
It's a fixed % of the original amount
Which formula is used to calculate simple interest?
Which formula is used to calculate simple interest?
How do you convert 9% to a decimal for use in the simple interest formula?
How do you convert 9% to a decimal for use in the simple interest formula?
Divide by 100 to get 0.09
Calculate interest on 5,000 USD at 8% p.a. for 3 years using .
Calculate interest on 5,000 USD at 8% p.a. for 3 years using .
1,200 USD
What fraction of a year is 1 month when calculating simple interest?
What fraction of a year is 1 month when calculating simple interest?
How many fortnights are there in a year?
How many fortnights are there in a year?
26
If , , and , find using .
If , , and , find using .
3,000
What formula finds the total amount owed after simple interest is added?
What formula finds the total amount owed after simple interest is added?
How do you calculate loan repayment for a total of 10,400 USD over 52 payments?
How do you calculate loan repayment for a total of 10,400 USD over 52 payments?
10,400 ÷ 52 = 200 USD
What shape is a simple interest graph?
What shape is a simple interest graph?
A straight line