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WorksheetsYr 11 Budgeting and Household Expenses
Total questions: 15
Worksheet time: 1hrs 25mins
A $25 000 car depreciates by 9% of its initial value every year. Find its salvage value after 10 years.
$0
$2 500
$12 500
$15 265
A car was purchased for $16 500, and after three years it is worth $12 000. Using the straight-line method, calculate this car’s annual amount of depreciation.
$1500 per year
$4500 per year
10% per year
16.5% per year
Calculate the stamp duty charged on purchasing a new Mercedes Benz with a recommended retail price of $68700. Stamp duty is charged at the following rate: 3% of the market value up to $45000 plus; 5% of the value over $45000.
$2061
$3435
$1350
$2535
How far can a car travel on 62 L of fuel if its fuel consumption is 10.2 L/100km?
720 km
608 km
685 km
708 km
Scarlett buys a used car for $14 400. It depreciates by $1950 each year and has an expected life of 5 years. What is the salvage value after 5 years?
$1650
$4650
$12 450
$9750
A car travels 870 km on 75 litres of petrol. How far does it travel on 50 litres?
11.6 km
17.4 km
580 km
550 km
The average rate of flow of a bathroom shower with a normal shower rose is 18 L/min.
Water usage is charged at the following rates:
Off-peak: $1.13/kL
Peak: $2.97/kL
Anastasia has two 5-minute showers per day during off-peak time periods. What is her annual water usage charge?
$195.13
$37.78
$74.24
$97.56
The average rate of flow of a bathroom shower with a normal shower rose is 18 L/min.
Water usage is charged at the following rates:
Off-peak: $1.13/kL
Peak: $2.97/kL
Spiro has one 15-minute shower per day during peak time periods. What is his average monthly water usage charge?
$292.69
$111.36
$24.06
$24.39
The total annual costs of running Justine’s car last year were $8390. Justine had travelled 11 250 km last year. What was the average cost per kilometre?
$7.46/km
$1.70/km
$0.75/km
$17.03/km
A family household uses 568 kL of water each year. Their annual water usage charge is $891.76. How much are they charged per kilolitre?
$1.57
$0.63
$1.50
$0.87
The table below shows the monthly repayment per $1000 borrowed. Calculate the monthly repayment on a $76 500 loan taken out over 8 years with an interest rate of 9% p.a.
$1120.72
$1120.73
$1081.71
$996.03
The table below shows the monthly repayment per $1000 borrowed. A $26 900 loan was borrowed at a rate of 8% p.a. How much would be saved by taking the loan out for 9 years rather than 11?
$350.24
$307.20
$2724.43
$657.44
A water bill is set out as above:
If the total bill is $169.10, how much water was used?
187 kL
80 kL
76.5 kL
85 kL
Adam has the following bills: electricity $250 per quarter, phone $70 per month, rates $1200 per year and rent $300 per week. What is the total amount Adam should budget for the year?
$3580
$15530
$1820
$18640
Hunter travels 36000 km each year in his four-wheel drive. A set of tyres costs $880 and lasts about 32000 km. What is the cost of tyre wear per kilometre? Answer to the nearest cent.
$0.02
$0.03
$0.36
$0.41
