Simple interest

Jane earns an annual salary of $45 650 . Calculate her fortnightly pay.

• $1755.77

• $1500
• $2000
• $2500

Express $638.96 per week as an annual salary.

• $33185.92
• $32000.00
• $35000.00
• $33225.92

Minh works as a casual shop assistant and is paid $8.20 an hour from 3.30 pm to 5.30 pm, Monday to Friday, and $9.50 an hour from 7 am to 12 noon on Saturday. Calculate his total pay for the week.

• $184.00
• $192.00
• $198.00
• $129.50

Below are the pay details for 4 people. Choose who receives the most money.

• Billy receives $18.50 per hour for a 40-hour working week.

• Jasmine is on an annual salary of $38400.

• Omar receives $1476.90

  per fortnight.

• Thuy receives $3205

  per month.

Daniel earns $10 an hour for a regular 38-hour week. If he works overtime, he is paid double time.

Calculate how much he would earn if he worked 42 hours in one week.

• $420
• $440
• $460
• $480

Bjorn earns $468.75 per week award wage for a 38-hour week.

(a) Calculate his standard hourly rate.

(b) If he is paid time-and-a-half for normal overtime, calculate his pay for a week in which he works 41 hours

.

• $12.34 per hour, $508.13 for 41 hours
• $12.34 per hour, $518.13 for 41 hours
• $13.34 per hour, $508.13 for 41 hours
• $12.34 per hour, $524.28 for 41 hours

Phillipa is paid an annual salary of $48 800.

Calculate how much she would be paid each time if she was paid:

(a) weekly

(b) monthly.

• (a) $938.46, (b) $4410.76

• (a) $940, (b) $4000
• (a) $1000, (b) $4000
• (a) $900, (b) $4100

Deng works as a waiter and is paid $12.50 per hour.

If he works 40 hours per week, calculate Deng's gross pay.

• $500
• $520
• $450
• $600

1. (a) Calculate the simple interest on an investment of $4000 for 9 months at 4.9% per annum.

2. (b) Determine the final amount of the investment by the end of its term.

• $294.00 and $4294.00
• $300.00 and $4300.00
• $147.00 and $4147.00

• $295.00 and $4295.00

9. Calculate the monthly instalment needed to repay a loan of $12 500 over 40 months at a 9.75% p.a. flat interest rate.

• $312.50
• $375.00
• $412.50
• $414.06