Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

4 Questions

0 Views

Simple Interest Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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?

More Like This

Simple Interest Quiz

Simple Interest Calculation Quiz

Simple Interest Quiz

Engineering Economy and Simple Interest Quiz

Upgrade to continue