Simple interest educative activities for students

Simple interest educative activities for students in fifth grade and sixth grade, test on calculating the interest on a given loan. Quizzes on simple interest are aimed at testing a learner’s quick ability to calculate the interest on a given loan. It is determined by multiplying the interest by the principal rate by the time between the payments. This quiz is packaged like real like situations which means that the learner is given the task to relate this quizzes to actual life situations which also helps the learner’s problem-solving abilities. For example, the questions are packaged like “if Shawn got a $5100 loan for 3 years. And he paid $800 in interest. What was the interest rate? This quiz helps the learner relate situations and also develop in areas concerned with logical reasoning.