Welcome to your Simple Interest Quiz
1.
What happens to Simple Interest if the time period increases?
2.
At what rate of interest per annum, will $3600 amount to $3888 in 2 years at simple interest?
3.
If the rate of interest is 8% and the time period is 2 years, what is the Simple Interest on a principal amount of $2500?
4.
If the principal amount is $5000, the Simple Interest is $250, and the time period is 2 years, what is the rate of interest?
5.
If the principal amount is $1000, the rate of interest is 5%, and the time period is 2 years, what is the Simple Interest?
6.
A sum of money amounts to $720 in 3 years and $800 in 4 years at simple interest. What is the principal amount?
7.
What is the formula for calculating Simple Interest?
8.
Simple Interest is calculated on which of the following?
9.
What is the difference between Compound Interest and Simple Interest?
10.
If the Simple Interest on a certain sum for 3 years at 6% per annum is $270, what is the principal amount?
