Math Applications Multiple Choice Questions (MCQs) PDF Download - 5

MCQ 21: Rachel invested $10000 at 8% per annum then the time Rachel will take to make it $15000 is

1. 8.25 years
2. 8 years
3. 7.25 years
4. 6.25 years

MCQ 22: Henry buys a designer furniture set at price of $1200. He pays 25% deposit and interest in 36 months plus outstanding balance. The interest charged on balance is 12%. The amount remaining after deposit is

1. $1,000
2. $1,300
3. $900
4. $1,200

MCQ 23: The income tax imposed on first $30000 is $600 and on the next $10000 income is 6%. If the chargeable income is $39200 then income tax payable is

1. $1,452
2. $1,152
3. $1,252
4. $1,352

MCQ 24: Henry buys a designer furniture set at price of $1200. He pays 25% deposit and interest in 36 months plus outstanding balance. The interest charged on balance is 12%. The monthly installments will be

1. $43
2. $34
3. $45
4. $56

MCQ 25: 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 total monthly expenses of Henry and Hazel are

1. $1,790
2. $1,500
3. $1,390
4. $1,290