Pre-lesson Quiz - Financial calculations

Given the exchange rate $1 = R15... How many dollars will you get for R120?

• 8

• 12,50

• 80

Given the exchange rate R1 = $0.07... How many Rands will you need to exchange in order to get $7 ?

• 7

• 10

• 70

• 100

Given the exchange rate... R1 = $2

• the Rand is stronger than the Dollar

• the Dollar is stronger than the Rand

• The Rand is half as strong as the Dollar

• The dollar is half as strong as the Rand

• The Rand is double the strength of the Dollar

If you buy dollars at an exchange rate of R1= $12,95, but then later you exchange your money back at a rate of R1=$13.65

• you will gain money

• you will lose money

• Your total amount stays the same

Compare the following exchange rates: R1=$10 vs R0,10=$1

• Rands are stronger in the first rate

• Rands are weaker in the first rate

• the rates are the same

What is 200% of 25?

• 50

• 500

• 5000

Calculate 45% of 160

Calculate 130% of 20

If 20% of a number is 6, what is 50% of that same original number?

• 15

• 30

• 60

80 is 50% of ...

• 40

• 160

• neither of these answers is correct