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Simple Interest Calculation Quiz

The document presents a simple interest quiz with various scenarios involving deposits and loans, asking for the interest earned or owed based on specified amounts and interest rates over different time periods. It includes a list of answers corresponding to each scenario, detailing the calculated interest amounts. The quiz serves as a practical exercise for understanding simple interest calculations.

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zeikhrazeign
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5 views3 pages

Simple Interest Calculation Quiz

The document presents a simple interest quiz with various scenarios involving deposits and loans, asking for the interest earned or owed based on specified amounts and interest rates over different time periods. It includes a list of answers corresponding to each scenario, detailing the calculated interest amounts. The quiz serves as a practical exercise for understanding simple interest calculations.

Uploaded by

zeikhrazeign
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

_Simple Interest Quiz_

Instructions: Calculate the interest earned or owed in each scenario.

1. If I deposit P100 into my savings account at a 5% interest rate for 2 years, how much interest will I
earn?

2. A P500 investment with a 3% interest rate for 5 years will yield how much interest?

3. When you borrow P200 at a 4% interest rate for 3 years, how much interest will you owe?

4. Depositing P800 into a savings account with a 2% interest rate for 4 years will earn how much
interest?

5. If she invests P300 at a 6% interest rate for 2 years, how much interest will she earn?

6. A P400 loan at a 5% interest rate for 3 years will require how much interest?

7. Investing P600 at a 4% interest rate for 5 years will yield how much interest?

8. When he deposits P250 into his savings account at a 3% interest rate for 2 years, how much interest
will he earn?

9. A P900 investment with a 2% interest rate for 3 years will earn how much interest?

10. If they borrow P700 at a 6% interest rate for 4 years, how much interest will they owe?
11. If I deposit P1,200 into my savings account at a 4% interest rate for 3 years, how much interest will I
earn?

12. A P300 investment with a 5% interest rate for 2 years will yield how much interest?

13. When you borrow P500 at a 3% interest rate for 4 years, how much interest will you owe?

14. Depositing P1,000 into a savings account with a 2% interest rate for 5 years will earn how much
interest?

15. If she invests P400 at a 6% interest rate for 3 years, how much interest will she earn?

16. A P600 loan at a 5% interest rate for 2 years will require how much interest?

17. Investing P900 at a 4% interest rate for 4 years will yield how much interest?

18. When he deposits P300 into his savings account at a 3% interest rate for 5 years, how much interest
will he earn?

19. A P1,200 investment with a 2% interest rate for 6 years will earn how much interest?

20. If they borrow P900 at a 6% interest rate for 5 years, how much interest will they owe?
Here are the answers to the simple interest quiz:

*Simple Interest Quiz Answers*

1. P10

2. P75

3. P24

4. P64

5. P36

6. P60

7. P120

8. P15

9. P54

10. P168

11. P144

12. P30

13. P60

14. P100

15. P72

16. P60

17. P144

18. P45

19. P144

20. P270

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