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Math multiple choice questions (MCQ) on ana borrowed \$250000 for 7 years at interest rate of 12% per year. amount she will pay at end of seven years is with options \$460,000, \$480,000, \$430,000 and \$410,000, math applications quiz for competitive exam prep, viva interview questions with answers key. Free math study guide to learn math applications quiz to attempt multiple choice questions based test.

MCQ. Ana borrowed \$250000 for 7 years at interest rate of 12% per year. The amount she will pay at the end of seven years is

1. \$480,000
2. \$460,000
3. \$430,000
4. \$410,000

B

MCQ. The amount of money lent or borrowed by investors is classified as

1. inter bank exchange rate
2. compounded rate
3. the principal
4. interest rate

C

MCQ. If antique piece is sold for \$1200 at gain of 30% on sale price then the profit is

1. \$960
2. \$923
3. \$823
4. \$723

B

MCQ. If a refrigerator is advertised for \$215 inclusive of 7% GST then the original price is

1. \$325.95
2. \$225.95
3. \$210.95
4. \$199.95

D

MCQ. Henry buys a designer furniture set at price of \$1200. He pays 25% deposit and interest in 36 months plus outstanding balance. The interest charged on balance is 12%. The total hire purchase price is

1. \$1,824
2. \$1,724
3. \$1,624
4. \$1,524

D