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Study elementary school math multiple choice questions (MCQs): refrigerator is priced at \$10,000. deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then amount of deposit made is with options \$2,150, \$2,000, \$1,950 and \$1,600, hire purchase quiz for online certificate courses preparation with online teachers certification, competitive exams. Free math study guide for online learning hire purchase quiz questions to attempt multiple choice questions based test.

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 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. owner wants to increase non-fiction books by 5% at an average cost of \$22. cost of new non-fiction books is

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

A

MCQ: 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 monthly installment is

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

D

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

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

C

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

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

B