Consumer Maths
Mathematics
10th - 12th Grade
Used 75+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the interest rate per month for 6.6% per annum.
1.1%
0.55%
0.6%
1.2%
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the interest rate per week for 10.4% per annum
2%
1.04%
0.95%
0.2%
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the simple interest for $1000 invested at 5% per annum for 3 years.
$50
$100
$150
$1500
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the compound interest for $200 invested for 2 years at 6% per annum (compounded annually).
$25.10
$12
$120
$225.10
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate the compound interest for $1000 invested for 3 years at 6% per annum (compounded monthly), to the nearest dollar.
$1196
$1197
$196
$197
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
To the nearest ten dollars, calculate the compound interest for $10000 invested for 5 years at 5.2% per annum (compounded weekly).
$12960
$13000
$2960
$2970
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In 2000 one-litre of milk cost $1.20. If inflation has been steady at 2% per annum since 2000, what is the price of one-litre of milk in 2016 (to the nearest 5 cents)?
$1.20
$1.50
$1.65
$1.85
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