MAT112 [1: Simple Interest]

Flashcard
•
Mathematics
•
University
•
Hard
Wayground Content
FREE Resource
Student preview

12 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The amount of money borrowed or invested on the origin date is the amount of ____?
Back
Principal (P)
2.
FLASHCARD QUESTION
Front
State the period in years for Amil's deposit of RM1,400 at 5% simple interest for 5 years 9 months.
Back
3.
FLASHCARD QUESTION
Front
Formula for the simple amount of the investment given P is the principal, r is the interest rate per annum, t is the time.
Back
4.
FLASHCARD QUESTION
Front
What does the "I" in the interest formula stand for?
Back
Interest
5.
FLASHCARD QUESTION
Front
Mr. Supi aims to have his investment grow to RM5000 in 4 years. How much should he invest in an account that pays 5%? Options: 4000, 4166.67, 4500, 4200
Back
4166.67
6.
FLASHCARD QUESTION
Front
A bank offers a 5% annual simple interest rate for a particular deposit. After a year RM2,500 will be earned from RM1 million deposited. What is the interest?
Back
2500
7.
FLASHCARD QUESTION
Front
Emili borrows RM1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Back
RM1392
Create a free account and access millions of resources
Similar Resources on Wayground
16 questions
midterm

Flashcard
•
12th Grade
15 questions
M107_U4_Finance Equations

Flashcard
•
12th Grade
15 questions
Chapter 2 Banking Services

Flashcard
•
12th Grade
10 questions
Managing Personal Finances

Flashcard
•
University
15 questions
Interest Review

Flashcard
•
12th Grade
15 questions
rule of 72 and interest formulas

Flashcard
•
12th Grade
15 questions
CW - Lesson 3.1 Practice

Flashcard
•
12th Grade
15 questions
Unit 3 Test Review Consumer Math

Flashcard
•
12th Grade - University
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
10 questions
UPDATED FOREST Kindness 9-22

Lesson
•
9th - 12th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
20 questions
US Constitution Quiz

Quiz
•
11th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Mathematics
20 questions
Levels of Measurements

Quiz
•
11th Grade - University
24 questions
Domain and Range

Quiz
•
9th Grade - University
22 questions
Line Symmetry and Rotational Symmetry

Quiz
•
KG - University
24 questions
Parallel Lines Cut By A Transversal

Quiz
•
KG - University
24 questions
AP Calculus AB Unit 1 Limits and Continuity Test Study

Quiz
•
11th Grade - University
8 questions
Solving Equations with Variables on Both Sides

Lesson
•
University