Financial Math: Ratios, Rates, and Percentages in Real Life

Multiple Choice

If you earn $2,000 per month and save 15% of your income, how much do you save each month?

• $200

• $300

• $150

• $250

Multiple Choice

You have a loan of  $10,000  with an annual interest rate of 6%. What is the annual interest amount?

• $500 

• $600 

   

• $700 

• $800

Multiple Choice

Which of the following represents a 25% increase of  $40 ?

• $10 

• $15 

• $20 

• $25 

Multiple Choice

What is the ratio of a  30%  discount on a  $100  item?

• 3:10 

• 7:10 

• 3:7 

• 7:3