Math Applications Multiple Choice Questions Test 8 Tests pdf Download

Practice math test 8 on math applications MCQs, grade 8 personal and household finances multiple choice questions and answers. Personal and household finances revision test has math worksheets, answer key with choices as 28.67%, 38%, 32.67% and 35% of multiple choice questions (MCQ) with personal and household finances quiz as henry and hazel earns income of $5000. expenses they have to meet are food $500, house loan $450, electricity, water and gas $135. telephone $50 and car maintenance $155. monthly saving as %age of income is for competitive exam prep. Free math study guide to learn personal and household finances quiz to attempt multiple choice questions based test.

MCQs on Math Applications Quiz pdf Download Worksheets 8

MCQ. Henry and Hazel earns income of $5000. expenses they have to meet are food $500, house loan $450, electricity, water and gas $135. telephone $50 and car maintenance $155. monthly saving as %age of income is

  1. 38%
  2. 28.67%
  3. 32.67%
  4. 35%

B

MCQ. Harry borrows $3000 for 5 years at rate of 8% per annum. simple interest he has to pay is

  1. $2,250
  2. $1,200
  3. $1,500
  4. $1,800

B

MCQ. General formula used to calculate interest is

  1. principal x rate x time⁄100
  2. principal x 100 x time⁄rate
  3. 100 x rate x time⁄principal
  4. principal x rate x 100⁄time

A

MCQ. Henry put A$9000 in one year US$ fixed deposit account with bank at 5% simple interest per annum when exchange rate was at US$1 = A$3.5. amount he invested in US dollars is

  1. 2971.43
  2. 2871.43
  3. 2671.43
  4. 2571.43

D

MCQ. Interest payable is dependable on

  1. percentage rate
  2. time
  3. principal
  4. all of above

D