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
|
||||
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
|
||||
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
|
||||
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%
|
||||
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
|
||||
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
|
||||
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
|
||||
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
|
||||
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
|
||||
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
|