Financial Maths, Rate, Ratio and Proportion

A pair of new shoes cost R1200 before VAT. What will its price be?

• R1200

• R1380

• R1368

• R1052,63

A new racket costs R1687.50 after it has been marked off 25%. What was its price before the sale?

• R2250

• R2109.38

• R1265.25

• R2500

Jason bought a McDonalds Happy Meal for R46.90. His new English classmates want to know how much that would cost them in Pounds. The current exchange rate is R17.33 for £1.

• £2.90

• £3.00

• £2.71

• £2.55

Cameron decides to go watch a match at the Emirates during a trip to London. The ticket costs him £125. How much will that cost him in Rands if the exchange rate is R17.33 per British Pound?

• R7.21

• R2125

• R3000

• R2166.25

Tanweer worked over the weekend and received R120 of R800 that was made in tips. What percentage of the tips did he receive?

• 12.5%

• 15%

• 20%

• 12%

Cullan wants to buy a new cricket bat from DP. The bat's cost price is R3700 before VAT and profit is added to it. If DP wants to make a 20% profit, what will Cullan pay for the bat?

• R5000.00

• R5061.60

• R5106.00

• R4440

Chanwoo wants to buy a new computer on hire purchase. The computer costs R15000. He pays a 15% deposit. The interest rate on the loan is 18% annually. The contract is for 2 years. Work out how much he will pay each month.

• R739.71

• R870.25

• R850

• R722.50

Ashton invests R11000 at 7% compounded annually. What will the value of the investment be after 12 years?

• R24774.11

• R24317.50

• R17663.60

• R20240

Daniel invest R5000 at an interest rate of 6% compounded annually. After 5 years the interest increases to 8.5%. What will the value of the investment be after 11 years?

• R10664.83

• R16414.14

• R10916.36

• R14271.95

Ron has R7500 to invest. Bank A gives him a fixed simple interest rate of 8.5%. Bank B gives him an interest rate of 7.2% compounded annually. If he invests his money for 6 years, which bank will have the most growth in this period?

• Bank A

• Bank B

• Their growth will be the same