Mathematics Grade 6 15 min

Simple interest

Simple interest

Tutorial Preview

1

You deposit $100 at 5% interest for 1 year. How much interest do you earn?

2

You deposit $200 at 4% interest for 3 years. How much interest do you earn?

3

You deposit $500 at 10% interest for 2 years. What is the total amount?

Sample Practice Questions

Easy
You deposit $200 at 5% interest for 1 year. How much interest do you earn?
0.$5
1.$10
2.$15
3.$20
Easy
You deposit $100 at 10% interest for 1 year. How much interest do you earn?
0.$1
1.$10
2.$100
3.$110
Easy
You deposit $100 at 5% interest for 2 years. How much interest do you earn?
0.$5
1.$10
2.$15
3.$20

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