Simple Interest Quiz

Calculate the simple interest on a principal amount of $5000 at an interest rate of 5% per annum for 3 years.

• The simple interest is $750

• The simple interest is $250

• The simple interest is $1000

• The simple interest is $500

Find the total amount after 2 years on a principal of $3000 with an interest rate of 8% per annum.

• $2950

• $3480

• $3300

• $3120

If the simple interest on a certain sum of money for 2 years at 6% per annum is $240, find the principal amount.

• $1500

• $1800

• $2000

• $2200

A principal amount of $4000 is invested at an interest rate of 4% per annum. Calculate the simple interest for 5 years.

• $700

• $900

• $600

• $800

Determine the total amount after 4 years on a principal of $6000 with an interest rate of 3.5% per annum.

• $7200.42

• $6500.88

• $6840

• $7000.25

The simple interest on a sum of money is $1200 at an interest rate of 10% per annum for 4 years. Find the principal amount.

• $2500

• $2800

• $3200

• $3000

Calculate the simple interest on $2500 at an interest rate of 7% per annum for 2 years.

• $400

• $350

• $300

• $175

Find the total amount after 3 years on a principal of $3500 with an interest rate of 6% per annum.

• $4000

• $4200

• $3800

• $4130

If the simple interest on a certain sum of money for 3 years at 8% per annum is $480, find the principal amount.

• $3000

• $2500

• $2000

• $1500

A principal amount of $4500 is invested at an interest rate of 3.5% per annum. Calculate the simple interest for 6 years.

• $875

• $1020

• $945

• $800