Practice math test 7 on math applications MCQs, grade 8 hire purchase multiple choice questions and answers. Hire purchase revision test has math worksheets, answer key with choices as \$12,048, \$15,048 , \$13,048 and \$14,048 of multiple choice questions (MCQ) with hire purchase quiz as the television is priced at \$10,000. a deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then total hire purchase of television is for competitive exam prep. Free math study guide to learn hire purchase quiz to attempt multiple choice questions based test.

MCQ. Television is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then total hire purchase of television is

1. \$15,048
2. \$12,048
3. \$13,048
4. \$14,048

B

MCQ. Exchange rate between Japanese Yen and Euro on specific day is 1 Yen to 2.4 Euros. Euros that are equivalent to 450 Japanese Yen are

1. 2060 Japanese Yens
2. 2050 Japanese Yens
3. 2080 Japanese Yens
4. 1080 Japanese Yens

D

MCQ. If a handbag is sold for \$2000 at gain of 20% on cost price then cost is

1. \$1,666
2. \$2,666
3. \$3,666
4. \$1,850

A

MCQ. Michael wants to borrow some money for 48 months at 11% interest per year and pay \$1950 in interest charges for his business expansion. amount he could borrow is

1. \$4,432
2. \$5,432
3. \$6,532
4. \$6,832

A

MCQ. Compound interest on \$7500 for 1 year at 8.5% per annum which is compounded monthly is

1. \$363
2. \$636
3. \$663
4. \$366

C