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Financial Maths TEST

Total questions: 20

Worksheet time: 45mins

Name
Class
Date
1.

If you're given a yearly salary and were paid fortnightly, how would you calculate your paycheck?

a)

salary divide 52 weeks

b)

salary divide 12 months

c)

salary divide 26 weeks

d)

salary divide 38 weeks

2.

Michael earns $99,346 per annum; how much does he earn per week?

(a)  

3.

Alexis earns $25.45 per hour, how much does she earn in a fortnight, if she works 38 hours a week?

(a)  

4.

Charlotte earns $47,658 per year; how much does she earn per month?

(a)  

5.

Nikhil earns $13.75 per hour. He works the following hours over a week.

Monday: 5 hours + 2 hours overtime

Tuesday: 8 hours + 4 overtime

Wednesday: 8 hours

Thursday: 7 hours + 3 overtime

Friday: 8 hours + 3 overtime


How many normal hours did he work?

a)

36

b)

38

c)

48

d)

52

6.

Lachlan earns $13.75 per hour. He works the following hours over a week.

Monday: 5 hours + 2 hours overtime

Tuesday: 8 hours + 4 overtime

Wednesday: 8 hours

Thursday: 7 hours + 3 overtime

Friday: 8 hours + 3 overtime


How much did he earn in total? HINT: overtime is paid time and a half.

a)

$495

b)

$660

c)

$522.50

d)

$742.50

7.

Madelynne earns $26.25 per hour. If she works 26 hours a week. What is her annual salary?

a)

$682.50

b)

$17,745

c)

$35,490

d)

$32, 760

8.

Brandon is paid $30.25 per hour. Over a week he works 25 hours normal pay and 6 hours double time. How much does he earn in that week?

a)

$937.75

b)

$1,028.50

c)

$1,149.50

d)

$1,573

9.

Teaghan borrows $33,455 for 36 months at an interest rate of 2.25%. How much interest does she need to pay?

a)

$27,098.55

b)

$2,258.21

c)

$225,821.25

d)

$13,785.85

10.

Johnathan puts $149,550 into a high-interest bank account at 7.6% for 18 months. How much money does he withdraw from the account in total?

a)

$17,048.70

b)

$204,584.40

c)

$166,598.70

d)

$567,452.64

11.

Find the tax paid on an annual salary of $90,000.

(a)  

12.
Round 23.542 to the nearest tenth.
a)
23.5
b)
23.6
c)
23.54
d)
23
13.

Find the unit price of $97.50 for 15 pizzas.

a)

$6 per pizza

b)

$82.50 per pizza

c)

$5.50 per pizza

d)

$6.50 per pizza

14.
Will spent $3.75 for 3 pounds of granola. What is his unit rate in dollars per pound?
a)
$1.25 per pound
b)
$1 per pound
c)
$2 per pound
d)
$1.50 per pound
15.
Three friends paid ​$21.75 to see a movie. How much did each ticket​cost?
a)
$7.35
b)
$7.55
c)
$7.25
d)
$7.40
16.
Sargento cheese slices $2.48 for 10 slices
or
Velveeta Cheese slices $3.18 for 12 slices
Find the unit price for each and choose the better deal.
a)
Sargento
b)
Velveeta
17.
Goldfish crackers $1.99 for 7.2 oz. 
or
Cheez-its $2.70 for 13.7 oz.
Find the unit price of each and choose the better deal.
a)
Goldfish
b)
Cheez-its
18.
Crayola crayons $6.97 for 120
or
Rose Art crayons $1.53 for 24
Find the unit price of each and choose the better deal.
a)
Crayola
b)
Rose Art
19.
A 7-pack of DVDs costs $23.31. What is the unit price?
a)
$3.33 per DVD
b)
$3.03 per DVD
c)
$2.33 per DVD
d)
$3.23 per DVD
20.

Maddy earns $5500 per month. She has the following expenses:


Rent $145 p/w

Utility bills $600 per quarter

Food $160 per week

Transport $60 per week

Car repayments $160 per week


What is her balance at the end of each month?

(a)