Start learning →

Money invested is called the principal. Interest worked out from principal, rate and time in this way is called:

ASingle interest
BSplit interest
CSimple interest
DSudden interest
Answer & Solution
Correct answer: C. Simple interest
1. The formula uses the three together. 2. Nothing is compounded. 3. It is simple interest. _Source: OpenStax Prealgebra 2e, Chapter 6, Percents._
Practise this question with Quill — 11 Plus (11+) →

Keep practising Percents and Proportion

Browse all Percents and Proportion questions for 11 Plus (11+), or explore more Mathematics topics.

Start a Percents and Proportion lesson →
Related questions
Percent bingoType the numberSort the money wordsGoes up or comes offSlice the percent wordsRun the percent gatesPop the shop wordsCatch the percent uses