MAT112 [1: Simple Interest]

Front

The amount of money borrowed or invested on the origin date is the amount of ____?

Back

Principal (P)

Front

State the period in years for Amil's deposit of RM1,400 at 5% simple interest for 5 years 9 months.

Back

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

Front

What does the "I" in the interest formula stand for?

Back

Interest

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

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

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

Front

Ann puts RM300 in a bank account earning 4% interest. How much will she earn in interest in 17 months?

Back

17

Front

In the formula I=Prt, what does r stand for in a loan?

Back

Rate: the interest percentage you will pay on a loan

Front

Given: I=568.32, P = RM 888, r=8%, t= 8 years. What is the simple amount?

Back

RM 1456.32