$CATEGORY: Maths - TicTacLearn/1. The Fish Tale

//Multiple Choice(5)

What is the money borrowed from a bank or a person called?
{
~ Interest
= Loan
~ Profit
~ Total cost
}

What is the original amount of money borrowed or invested called?
{
= Principal amount
~ Loan amount
~ Interest
~ Profit
}

Interest is calculated on which amount?
{
~ Profit
= Principal amount
~ Total cost
~ Loan period
}

If a shopkeeper earns ₹200 by selling a product bought for ₹800, what is the profit?
{
~ ₹600
= ₹200
~ ₹1,000
~ ₹800
}

What is the extra money paid on a loan called?
{
~ Principal amount
= Interest
~ Profit
~ Total cost
}

//True or False(5)

The principal amount is the original money borrowed or invested. {T}

Interest is the amount deducted from the principal amount. {F}

Profit occurs when selling price is greater than cost price. {T}

A loan always comes without interest. {F}

Total cost includes profit added to the cost price. {T}

//Fill in the blanks (5)

The original amount borrowed from a bank is called the ______.
{
~ Profit
= Principal amount
~ Total cost
}

A ______ is the extra money paid on a loan.
{
~ Profit
~ Loss
= Interest
}

Total cost is the sum of the cost price and ______.
{
= Profit
~ Loss
~ Discount
}

If the selling price is higher than the cost price, there is a ______.
{
= Profit
~ Loss
~ Loan
}

A loan is taken for a fixed ______.
{
~ Price
= Time
~ Product
}

//Match the Following(1)

Match the following items from Column A with their correct corresponding options from Column B:
{
=Principal amount -> Original money borrowed or invested
=Interest -> Extra money paid on a loan
=Profit -> Selling price - Cost price
=Total cost -> Cost price + Profit
=Loan -> Money borrowed for a fixed time
}

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