Year 10 Financial Mathematics Quiz 1

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Betty works from 10 am to 1 pm on a Saturday. She is paid $18 per hour for morning work and "time and a half" for afternoon work. How much does she earn each Saturday?

1 point

$54

$63

$72

$81

Clear selection

A salesman is paid $100 per day plus 20% commission on his sales. His total earnings for a day on which he made sales worth $800 are

1 point

$140

$180

$260

$820

Clear selection

Betty invests $1000 for a 3 year term. The total amount of simple interest paid on this investment is

1 point

$130

$330

$360

$390

Clear selection

Jill invests $7500 in a Financial Institution account for 18 months. I pays 5.5% p.a simple interest. How much interest does Jill earn?

1 point

$618.75

$7425

$7500

$8118.75

Clear selection

The amount of simple interest earned when $2000 is invested at 3% p.a for 6 months is

1 point

$30

$60

$120

$360

Clear selection

At a mid year sale a store advertises a discount of 40% off everything. What did Jill pay for a set of headphones that were originally priced at $200?

1 point

$70

$80

$120

$130

Clear selection

Jack earns $1850 per month, plus a 6% commission on his gross sales for the month. If his gross sales for the month were $47000, how much did he earn for the month?

1 point

$2132

$3950

$4670

$3470

Clear selection

An amount of money was placed in an inves for 4 years at a compound interest rate of 3.5% p.a. After the 4 years

1 point

$2132

$3950

$4670

$3470

Clear selection

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