10 Finance Revision

The price of a motorbike is $1,500. How much do you need to pay if you get a 10% discount?

• $150

• $1500

• $1350

• $250

• $1250

The price of a t-shirt is $50. If you buy 4 shirts, you will get 15% discount. How much do you have to pay if you buy 8 shirts?

• $400

• $350

• $340

• $60

• $40

Find the simple interest earned on $6000 at 9% p.a. for 4 years

• $2160

• $8160

• $21600

• $216000

• $816000

Find the simple interest earned on $20 000 at 8.4% p.a. for 11 months

• $1540

• $1680

• $150

• $21540

• $770

Interest on an investment at 6% p.a. for 5 years amounted to $8550. What was the original value of the investment?

• $8550

• $28500

• $2850

• $11400

Calculate the total amount that is paid for a car that has a cash price of $14000 on the following terms.

· 10% deposit

· Repayments of $455 per month for three years.

• $1400

• $16380

• $17780

• $389

A lounge suite has a ticketed price of $5610. The lounge suite is purchased on terms of one-third deposit with the balance plus interest to be repaid over 4 years in equal monthly installments with interest charged at a rate of 9% p.a.

Calculate the amount of each monthly repayment.

• $1879

• $3740

• $1346.4

• $5086.4

• $105.97

The cost of a new car is $45 000. If a 5% discount is given, find the amount that is paid for the car.

• $42750

• $2250

• $4275

• $22500

The cost of a new car is $45 000, with a 5% discount.

The car is to be purchased by a rental car company. The manufacturer gives this company a further 5% discount. Find the amount that is now to be paid for the car.

• $42750

• $40612.50

• $21375

• $2137.50

Find the single discount that is equivalent to successive discounts of 20% and 8%, to the nearest percent.

• 28%

• 30%

• 26%

• 25%

• 27%