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Calculating Simple Interest Quiz

Authored by Marouska Vella Bugeja

Mathematics

11th Grade

Used 1+ times

Calculating Simple Interest Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mr. Smith invested €800 for 5 years at 6% per annum simple interest. Calculate the amount of interest earned by Mr. Smith at the end of the 5 years.

€240

€300

€400

€480

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If Ms. Johnson invests €1,200 for 2 years at 5% per annum simple interest, what will be the total amount she receives at the end of the investment period?

€1,260

€1,320

€1,350

€1,400

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the simple interest earned on an investment of €1,500 for 4 years at an interest rate of 3% per annum.

€150

€180

€200

€220

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mr. Brown invested €2,000 for 6 years at 4% per annum simple interest. How much interest will he earn at the end of the 6 years?

€400

€480

€500

€600

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If €750 is invested for 3 years at 5% per annum simple interest, what is the total interest earned?

€100

€112.50

€125

€150

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the total amount received after investing €900 for 5 years at 7% per annum simple interest.

€1,215

€1,260

€1,275

€1,300

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

An investment of €1,000 earns simple interest at a rate of 6% per annum. How much interest is earned after 3 years?

€160

€180

€200

€220

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