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Worksheets

Interest and Stuff

Total questions: 20

Worksheet time: 12mins

Name
Class
Date
1.

Marcus has an annual salary of $75816. How much is he paid weekly.

a)

$1476

b)

$1458

c)

$1345

d)

$1465

2.

Which of each pair is on the higher salary? $3890 per month or $45700 per annum?

a)

$3890 per month

b)

45700 per annum

3.

How much is earned per annum by those paid fortnightly salaries of $1622.46

a)

$45543.98

b)

$45732.44

c)

$43144.76

d)

$42183.96

4.

Calculate the special rate time-and-a-half when the hourly rate is $15.96

a)

$23.94

b)

20.87

c)

20.76

d)

21.54

5.

Marcus is paid $956.08 for a regular 38-hour week. What is his hourly rate of pay?

a)

23.87

b)

25.65

c)

25.16

d)

23.45

6.

If Marcus earns $7.80 on normal time, how much does she receive per hour at time and a half.

a)

$11.70

b)

$12.76

c)

$12.56

d)

$12.34

7.

Marcus grows potatoes. The piece rate is $1.25 each for the first 50 potatoes and $1.50 thereafter. What is his income for a day in which he produces 68 potatoes?

a)

$89.50

b)

$87.67

c)

$86.25

d)

$87.56

8.

Marcus makes Minecraft videos for his YouTube channel. He earns $100 per 100,000 views. How much does he earn if makes 3 videos with 175,000 views each?

a)

$5.25

b)

$525.5

c)

$5250

d)

$525

9.

Marcus is a writer who is paid a royalty of 5% on all sales. Calculate the royalty he earns in a year if a book he writes sells copies to the value of $100

a)

$1,000,000

b)

$5

c)

$4

d)

$5.5

10.

Marcus is paid a retainer of $100 per week plus a commission of 1% of the profits made by the company on the goods that he sells. How much does Marcus earn in a week when no sales are made?

a)

$100

b)

$0

c)

$1

d)

$1000

11.

Marcus works for Gary, a boat broker who pays him 9% of the first $20,000 of the sale price, then 5¾% on the rest. Calculate the commission he receives on a sale of $90,000

a)

$5835

b)

$5645

c)

$5675

d)

$5825

12.

Marcus borrows $100,000 for 5 years at 12% per annum simple interest.

1.How much interest is he charged?


2.What total amount must he repay?

a)

$100,000 - $100,000

b)

$60,000 - $160,000

c)

$150,000 - $50,000

d)

$60,000 - $165,000

13.

Find the final value of $6000 for 4 years at 6.3% p.a.

a)

$7517

b)

$7513

c)

$7512

d)

$7511

14.

Find the final value of $2100 for 6 years at 8.3% p.a. Correct to TWO decimal places.

a)

$3145.80

b)

$3145.8

c)

$3145.9

d)

$3145.90

15.

Find the final value of $4676 for 7 years at 2.7% p.a.

a)

$5559.76

b)

$5558.85

c)

$5558.43

d)

$5559.43

16.

Marcus invested $4000 at a simple interest rate of 4% p.a. For how long must he invest it in order to earn $200 in interest?

a)

1.5 years

b)

1 year

c)

1.25 years

d)

1.75 years

17.

If Marcus can invest his money at 8% p.a., how much does he need to invest to earn $2000 in 2 years?

a)

$12,750

b)

$12,000

c)

$12,500

d)

$12,375

18.

$1000 is invested at 12% p.a. compounded annually for 3 years. What would be the TOTAL VALUE for the SECOND year?

a)

$1254.40

b)

$1120

c)

$1110

d)

$1254.50

19.

$100000 is invested at 9% p.a. compounded annually for 4 years. What would be the Interest for Year 3

a)

$9810

b)

$118,810

c)

$10,692.90

d)

$11,655.26

20.

Find The Total Interest by working out the missing value.

a)

Total Interest = $2604.38

b)

Total Interest = $2604.25

c)

Total Interest = $991.88

d)

Total Interest = $2563.87