Math applications Multiple Choice Questions and Answers (MCQs), math applications quiz answers pdf, test prep 1 to study elementary school math for online degree courses. Practice "hire purchase" MCQs, math applications quiz questions and answers for online learning. Learn hire purchase, percentage calculations, taxation, compound interest test prep for distance learning.

"A refrigerator is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the amount of deposit made is" Multiple Choice Questions (MCQs) on math applications with choices \$2,150, \$2,000, \$1,950, and \$1,600 for online learning. Free math study guide for online learning hire purchase quiz questions for online study.

MCQ: A refrigerator is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the amount of deposit made is

1. \$2,000
2. \$2,150
3. \$1,950
4. \$1,600

D

MCQ: In a city book store, 70% of books are classified as non-fiction and remainder as fiction. There are total 2400 more non-fiction books than fiction books. The owner wants to increase non-fiction books by 5% at an average cost of \$22. The cost of new non-fiction books is

1. \$4,620
2. \$4,500
3. \$4,350
4. \$5,250

A

MCQ: 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 the monthly installment is

1. \$457
2. \$447
3. \$437
4. \$427

D

MCQ: If an article costs \$350 with 6% GST then the price customer has to pay is

1. \$362
2. \$351
3. \$371
4. \$341

C

MCQ: The compound interest on \$2500 for 5 years at 4% per annum (compounded annually) is

1. \$432
2. \$542
3. \$642
4. \$452

B