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Gr 11 Finance Revision Flashcards | StudBud
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Gr 11 Finance Revision
Gr 11 Finance Revision
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36 plays
Introduction to applicaton activity for comparing electricity tariffs #mathslit #finance
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
I deposit R700 in the bank. I am charged R4 plus R1,50 for every R100. What is my bank charge?
R10,50
R14,50
R4
R7
2
£4000 at 4% compound compounded annually, how much will I have at the end of 3 years?
£4499,46
£4710.54
£4589.56
£4650.28
3
What type of card allows you to purchase items directly from your bank account?
Credit Card
ATM Card
Charge Card
Debit Card
4
What is the monthly interest rate?
R621
0,035%
21%
3,5%
5
Money
not paid off
on a
Credit
or
Store Card
results in what charge to the card holder?
National Insurance Contributions
Value Added Tax
Interest Charges
Bank Charges
6
Find the simple interest paid.
4200
42
393.7
392
7
I deposit R600 into an ATM. I'm charged R2 for every R100. What is my bank charge?
R12
R100
R6
R200
8
What is the electricty tariff for block 1?
R134,58
R1,2247
R122,47
R1,22
9
What is an interest rate?
A percentage of money that you either earn or owe the bank
Your level of engagement in class
10
A service charge would appear as a credit on your bank statement.
True
False
11
What type of interest is this investment earning?
No way of knowing
Investment
Simple
Compound
12
If we use 800 kWh, what does the first 600 kWh cost?
R734,82
R80 748
R807,48
R73 482
13
Treasury is a governmental department in charge of the collection, management, and expenditure of public money
True
False
14
R5 500 was invested at 3,5%pa, compounded quarterly. How much do was in the bank at the end of the 1st year?
R5 692,50
R22 192,50
R5 695,04
R6 311,38
15
If I use 800 kWh, what does the remaining 200 kWh cost?
R979,76
R269,16
R26 916
16
What is compound interest?
Interest paid on interest previously earned
Money deducted from paying interest on time
Accumulated interest over time
17
What is the total cost of using 800 kWh?
R1 003,98
R1 076,64
R1 003
18
I deposit R1 235 in the bank. I am charged R3 plus R1,15 per R100 (or part thereof)?
R13,8
R17,95
R16,8
R14,95
19
What do the letters DR on your bank statement indicate?
How much interest you've been paid
That you have won a prize
That your account is overdrawn (ie you owe the bank money)
That someone has paid money into the account
20
The charge for borrowing money is known as...
interest
encouragement
help
extra
