Practice math applications MCQs, grade 8 online math test 8, personal and household finances multiple choice questions and answers. Personal and household finances revision test has math worksheets, helping 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, viva interview questions. Free math study guide to practice personal and household finances quiz to attempt multiple choice questions based test.

MCQ. Henry and Hazel earns income of \$5000. The expenses they have to meet are food \$500, house loan \$450, electricity, water and gas \$135. telephone \$50 and car maintenance \$155. The 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. The simple interest he has to pay is

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

B

MCQ. The 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. The amount he invested in US dollars is

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

D

MCQ. The interest payable is dependable on

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

D