3. Consumer Arithmetic (2018-2024)

At a bank, EC$2.60 is equivalent to US$1.00. For every US$1.00 exchanged, EC$0.10 is deducted as an exchange fee. How much EC dollars will Leon receive if he exchanges US$100.00?

• $90.90

• $236.34

• $250.00

• $260.00

If $7 000 is borrowed at the rate of 5% per annum for 3 years, the simple interest is

• $ 105

• $ 210

• $ 370

• $1 050

A dress which costs $180.00 is being sold at a discount of 10%. The amount of the discount is

• $ 1.80

• $ 10.00

• $ 18.00

• $ 170.00

An article bought for $125 was sold for $175. The profit as a percentage of the cost price was

• 28.6

• 40

• 50

• 71.4

The value of a plot of land is $18 000. Land tax is charged at the rate of $0.70 per $100 value. What is the TOTAL amount of tax paid for the land

• $100.70

• $110.00

• $126.00

• $180.70

If the simple interest on $900 for 3 years was $108, what was the rate of interest?

• 4%

• 8%

• 12%

• 25%

At the end of any year a car is worth 5% less than what it was worth at the beginning of the year. If a car is worth $9 500 in December 2016, then its value in January 2016 was

• $ 9 995

• $10 000

• $10 025

• $12 000

A man's regular pay is $3 per hour up to 40 hours. Overtime is twice the payment for regular time. If he was paid $216, how many hours of overtime did he work?

• 8

• 16

• 28

• 48

A dinner at a restaurant was advertised at $60 plus 18% tax. The total bill for this dinner was

• $60.00

• $70.80

• $78.00

• $81.60

The cost price of a refrigerator is $1 850.00. A buyer who is given a discount of 5% for cash purchase will pay

• $1 942.50

• $1 845.00

• $1 757.50

• $1 350.00