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Simple Interest Quiz

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Questions and Answers

If the principal is $1000, and the annual interest rate is 5%, what is the simple interest for 3 years?

$200

$150

$100 (correct)

$50

What is the primary role of a lender?

To regulate the interest rates in the market

To manage the financial assets of individuals

To offer insurance to protect against default

To provide funds to borrowers in exchange for interest (correct)

What is the main source of income for a lender?

Stock market investments

Interest earned on the funds provided to borrowers (correct)

Real estate transactions

Government subsidies

What is a common risk faced by lenders?

<p>Default by borrowers leading to financial losses</p> Signup and view all the answers

Simple Interest Quiz

Choose a study mode

Podcast

Questions and Answers

If the principal is $1000, and the annual interest rate is 5%, what is the simple interest for 3 years?

What is the primary role of a lender?

What is the main source of income for a lender?

What is a common risk faced by lenders?

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