Chapter 4: Math Applications - Math Mcqs for Grade 8 - Set 2

1)   A money changer exchanged Indian Rupee and US$ at rate of 38..95 Indian Rupee = US$1. The amount received for US$180 in Indian Rupee is

a. 8055 R
b. 7055 R
c. 7011 R
d. 8011 R
Answer  Explanation 

ANSWER: 7011 R

Explanation:
No explanation is available for this question!


2)   A money changer exchanged Peso & Euro at rate of 3.9 peso = 1 Euro. The amount received in Peso for 3500 Euro is

a. 16650 peso
b. 13650 peso
c. 14650 peso
d. 15650 peso
Answer  Explanation 

ANSWER: 13650 peso

Explanation:
No explanation is available for this question!


3)   If Ana sells her house at loss of 10% on cost and paid $125000 for it then its selling price is

a. $117,500
b. $124,500
c. $112,500
d. $122,500
Answer  Explanation 

ANSWER: $112,500

Explanation:
No explanation is available for this question!


4)   To buy a home, Nelda borrowed $250,000 for 5 years and paid $60,000 simple interest on loan. The rate of interest he paid is

a. 8.40%
b. 6.80%
c. 5.60%
d. 4.80%
Answer  Explanation 

ANSWER: 4.80%

Explanation:
No explanation is available for this question!


5)   In college library, 30% of books are classified as fiction and remainder as non-fiction. There are 2400 more books non-fiction category than fiction category. The total number of non-fiction books in library are

a. 4500
b. 2200
c. 4200
d. 3200
Answer  Explanation 

ANSWER: 4200

Explanation:
No explanation is available for this question!


6)   Ana borrowed $250000 for 7 years at interest rate of 12% per year. The amount she will pay at the end of seven years is

a. $480,000
b. $460,000
c. $430,000
d. $410,000
Answer  Explanation 

ANSWER: $460,000

Explanation:
No explanation is available for this question!


7)   The amount of money lent or borrowed by investors is classified as

a. inter bank exchange rate
b. compounded rate
c. the principal
d. interest rate
Answer  Explanation 

ANSWER: the principal

Explanation:
No explanation is available for this question!


8)   If antique piece is sold for $1200 at gain of 30% on sale price then the profit is

a. $960
b. $923
c. $823
d. $723
Answer  Explanation 

ANSWER: $923

Explanation:
No explanation is available for this question!


9)   If a refrigerator is advertised for $215 inclusive of 7% GST then the original price is

a. $325.95
b. $225.95
c. $210.95
d. $199.95
Answer  Explanation 

ANSWER: $199.95

Explanation:
No explanation is available for this question!


10)   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 total hire purchase price is

a. $1,824
b. $1,724
c. $1,624
d. $1,524
Answer  Explanation 

ANSWER: $1,524

Explanation:
No explanation is available for this question!