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Practice math applications 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, with choices 28.67%, 38%, 32.67%, and 35% for free online courses. Free math study guide for online learning Percentage Calculations Quiz Questions for online schools.

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