-
Previewing
Simple Interest - Revision Quiz 1
-
Previewing
Simple Interest - Revision Quiz 1
Question 2 of 10Calculate the amount of simple interest on a loan of $90,000. Interest rate is 8.25% p.a. for a period of 30 months
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
Question 3 of 10Mr. Gerald took a bank loan at 12% p.a. flat rate interest. In 3 years, he paid a total of $5,400 interest. Find the principal amount borrowed by Mr. Gerald.
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
Question 4 of 10In how many years will $150 earn the same interest at 8%p.a flat rate as $800 earns in 3 years at 4.5%p.a?
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
Question 5 of 10Jim invests $20,000 for 4 years and receives $3,200 in interest. Betty invests $20,000 for 3 years and receives $2,700 in interest. What are their flat rates of interest?
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
Question 6 of 10Kate borrowed $7000 to go on an overseas holiday, at 9% p.a. flat rate interest for 3 years. Calculate
i) The total interest
ii) The total amount that Kate must repay
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
Question 7 of 10After 4 years. the interest on a loan of $5000 amounts to $1600.
Calculate the annual simple interest rate.
AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
-
Previewing
Simple Interest - Revision Quiz 1
-
Previewing
Simple Interest - Revision Quiz 1
-
Previewing
Simple Interest - Revision Quiz 1