simple interest quiz
Authored by Elsamma Varghese
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9th - 12th Grade
Used 3+ times
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6 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
SI= A+P , here p is Principal and then A is what?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Simple interest is very easy to calculate
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the correct formula for simple interest
Si=principal/rate×time
SI=principal ×rate×time
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not an advantage of simple interest
Real life applications
Pays more interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Simple interest the interest does not change every year
False
True
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Give any 2 real life examples of Simple interest
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