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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#math #financialmath #mathliteracy
Flashcards
14 cards
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Questions
14
Answers
1
Penalty rates are typically paid as
2.5x hourly rate
1.5x hourly rate
2x hourly rate
0.5x hourly rate
2
A commission is paid for workers who
Break things
Buy things
Sell things or make sales
Make art things
3
The simple interest formula is
I = QT(3.14)
I = PRT
I = E2TR
I = PRN
4
A salary can be paid
Weekly
Monthly
Fortnightly
Daily
5
A retainer is paid to commission workers because
Because employers like to give away money
Because you are special
You can't sell convertibles in winter
To give incentive to sell more and earn more
6
Zach gets 14% royalty on sales of his book. If 38,000 books are sold @ $35.16 each he gets?
$ appples
$187,051.2
$18,705.12
$350
7
A wage is paid per
Per year
Hour bludged
Hours intended to work
Hour worked
8
$650,000 was borrowed @4.5% compounding monthly for 30 years, calculate the total amount paid
$4 951 969 003 546.70
$727 243.93
$4 951 969.03
$2 501 003.73
9
52 week share high/low tells us
Shares are not tasty
The highest and lowest price in the last 52 weeks
How many 52's in the shares
How high or low the shares got
10
The compound interest formula is
A = P ( 1 + r )xy
A = P( 1 + R )n
A = P( 1 - r )n
I = PRT
11
Dividend Yield tells us
The size of the dividend compared to the price of the share
The yield of dividends
What percentage of the share you get
Dividend payout compared to share price
12
Annual holidays are typically how long?
1 month
1 week
4 weeks
2 weeks
13
Annual leave is typically what percentage of your normal pay?
15%
12.5%
10%
17.5%
14
Calculate the simple interest Bill earns on a $1200 deposit @7.5% pa for 6 years
$504
$5400
$540
$54
