# Math Applications Multiple Choice Questions Test 8 pdf Download

Practice math quiz 8 on math applications MCQs, grade 8 personal and household finances multiple choice questions. Free personal and household finances guide has math worksheet with answering options 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 exam prep. Study to learn personal and household finances quiz to attempt multiple choice questions based test.

## MCQs on Math Applications - Quiz 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

- 38%
- 28.67%
- 32.67%
- 35%

B

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

- $2,250
- $1,200
- $1,500
- $1,800

B

MCQ. General formula used to calculate interest is

- principal x rate x time⁄100
- principal x 100 x time⁄rate
- 100 x rate x time⁄principal
- 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

- 2971.43
- 2871.43
- 2671.43
- 2571.43

D

MCQ. Interest payable is dependable on

- percentage rate
- time
- principal
- all of above

D