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Study elementary school math multiple choice questions (MCQs): 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 options 28.67%, 38%, 32.67% and 35%, personal and household finances quiz with job interview questions and answers for online summative assessment in competitive exams. Free math study guide for online learning personal and household finances quiz questions to attempt multiple choice questions based test.

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