IGCSE Math Money

Convert $500 to pounds sterling using an exchange rate of 1 USD = 0.75 GBP.

• 450 GBP

• 600 GBP

• 250 GBP

• 375 GBP

Tags

CCSS.6.RP.A.3B

Find the compound interest on $2000 at 8% per annum for 2 years, compounded annually.

• The compound interest is $331.04.

• The compound interest is $400.00.

• The compound interest is $200.00.

• The compound interest is $100.00.

Tags

CCSS.HSF.BF.A.2

If the exchange rate is 1 USD = 110 JPY, how many Japanese yen can be obtained for $100?

• 22000 JPY

• 5500 JPY

• 11000 JPY

• 1000 JPY

Tags

CCSS.6.RP.A.3B

A sum of $800 is invested at an interest rate of 6% per annum. Find the amount after 2 years if the interest is compounded annually.

• The amount after 2 years with annual compounding interest is $855.25.

• The amount after 2 years with annual compounding interest is $847.48.

• The amount after 2 years with annual compounding interest is $830.50.

• The amount after 2 years with annual compounding interest is $820.00.

Convert 250 euros to US dollars using an exchange rate of 1 EUR = 1.2 USD.

• 300

• 400

• 350

• 200

Tags

CCSS.6.RP.A.3B

Calculate the simple interest on a principal amount of $1500 at an interest rate of 4% per annum for 5 years.

• The simple interest is $350.

• The simple interest is $300.

• The simple interest is $250.

• The simple interest is $200.

Tags

CCSS.7.RP.A.3

Find the compound interest on $3000 at 10% per annum for 3 years, compounded semi-annually.

• The compound interest is $500.00

• The compound interest is $826.45

• The compound interest is $600.00

• The compound interest is $700.00

If the exchange rate is 1 GBP = 1.25 USD, how many US dollars can be obtained for 200 pounds sterling?

• 300 USD

• 175 USD

• 250 USD

• 150 USD

Tags

CCSS.6.RP.A.3B

A sum of $1200 is invested at an interest rate of 7% per annum. Find the amount after 3 years if the interest is compounded semi-annually.

• The amount after 3 years with semi-annual compounding is $1500.

• The amount after 3 years with semi-annual compounding is $1400.

• The amount after 3 years with semi-annual compounding is $1411.16.

• The amount after 3 years with semi-annual compounding is $1300.