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CanadaON
Grade 9

10.01 Review: Simple interest

Interactive practice questions

If $\$16716$$16716 of simple interest was earned in $7$7 years, how much interest was earned each:

a

year?

b

month?

Easy
1min

Skye takes out a loan of $\$800$$800 to pay for an online course. Flat rate interest is charged at $10%$10% p.a..

If she repays the loan in $9$9 months, how much interest does she pay in total?

Medium
< 1min

Calculate the flat rate interest generated on a loan of $\$4290$$4290 at a rate of $3%$3% p.a. for $23$23 months.

Medium
< 1min

Tara takes out a car loan of $\$6000$$6000 at a simple interest rate of $8%$8% p.a.

She plans to repay the loan over $2$2 years through regular monthly repayments.

Medium
2min
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Outcomes

9.F1.2

Identify financial situations that involve appreciation and depreciation, and use associated graphs to answer related questions.

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