Financial Maths

Question 1

The price of an item was reduced from $68 to $50. What percentage discount was applied?

Accepted Answer

26%

Question 2

What is the original value of goods that can be purchased with a $75 voucher at a 20% off sale?

Accepted Answer

$93.75

Question 3

If $10,000 is borrowed for 2 years, 3 months at an interest rate of 12.5% componded quarterly..

Accepted Answer

..the interest paid would be $3,190.94

Question 4

Find the rate of interest if a principle of $8,000 increases to $11,040 in 9 months.

Accepted Answer

51%

Question 5

What is the new discounted price if a 35% discount is applied to an item marked $180.

Accepted Answer

$117

Question 6

What perctange of the company does Jac own if she buys 250 of the 2300 shares in the company.

Accepted Answer

10.9%

Question 7

If the selling price of a printer is $254, what is the price without GST?

Accepted Answer

$230.91

Question 8

Which company is the better investment?

Accepted Answer

Company C

Question 9

What is the percentage dividend yield?

Accepted Answer

15%

Question 10

Shares have a market value of $22 and profit per share of $1.90. The price-to-earning ratio is:

Accepted Answer

11.6

Question 11

Bill has 540 of the 4500 shares in a company that has a profit of $5.2million. How much is his?

Accepted Answer

$624,000

Question 12

In order to earn $1,500 interest over 3 years at a simple interest rate of 4.8% pa you would...

Accepted Answer

...need to invest $10,416.67

Question 13

If the cost of a gas bill is $122.35, how much GST will be added to the bill?

Accepted Answer

$12.24

Question 14

What is the price of an item that was purchased for $243 in a store that marks its stock up 75%

Accepted Answer

$425.25

Question 15

Interest payable for the month of July if the bank pays 2.7% on the minimum monthly balance is:

Accepted Answer

$0.79

Question 16

In order to double an investment of $5000 invested at a simple interest rate of 12% pa it would

Accepted Answer

Take 8 years 4 months

Question 17

How much interest will be earned if investing $2500 at 7.5% pa simple interest for 3 years?

Accepted Answer

$562.50

Question 18

Interest paid on an investment of $5000 at 12% simple interest pa for 2 years and 8 months is:

Accepted Answer

$1600

Question 19

If $2000 is invested at 8% pa compounded annually for 3 years it would accumulate to:

Accepted Answer

$2519.42

Question 20

Find the total amount owed on a simple interest loan of $22,000 at 8.6% pa for 4 years.

Accepted Answer

$29,568

Questions 20