Simple Interest (HSC SSCE Mathematics Standard): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is interest?
What is interest?
Money paid for borrowing or earned for lending
What is simple interest also known as?
What is simple interest also known as?
Flat interest
Simple interest is always calculated on which amount?
Simple interest is always calculated on which amount?
The initial sum (principal)
In the formula , what does represent?
In the formula , what does represent?
Principal (initial amount)
How should be written as a decimal in the formula?
How should be written as a decimal in the formula?
Find simple interest on 16000 USD at p.a. for years using .
Find simple interest on 16000 USD at p.a. for years using .
3840 USD
Which formula calculates the amount owed or future value?
Which formula calculates the amount owed or future value?
Find total value of 200000 USD invested at p.a. simple interest for years.
Find total value of 200000 USD invested at p.a. simple interest for years.
230000 USD
What type of graph does simple interest create?
What type of graph does simple interest create?
A straight-line graph
Why are simple interest graphs always straight lines?
Why are simple interest graphs always straight lines?
Interest increases by a constant amount