Chapter 4: Math Applications - Math Mcqs for Grade 8 - Set 3

1)   Rachel invested $10000 at 8% per annum then the time Rachel will take to make it $15000 is

a. 8.25 years
b. 8 years
c. 7.25 years
d. 6.25 years
Answer  Explanation 

ANSWER: 6.25 years

Explanation:
No explanation is available for this question!


2)   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 amount remaining after deposit is

a. $1,000
b. $1,300
c. $900
d. $1,200
Answer  Explanation 

ANSWER: $900

Explanation:
No explanation is available for this question!


3)   The income tax imposed on first $30000 is $600 and on the next $10000 income is 6%. If the chargeable income is $39200 then income tax payable is

a. $1,452
b. $1,152
c. $1,252
d. $1,352
Answer  Explanation 

ANSWER: $1,152

Explanation:
No explanation is available for this question!


4)   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 monthly installments will be

a. $43
b. $34
c. $45
d. $56
Answer  Explanation 

ANSWER: $34

Explanation:
No explanation is available for this question!


5)   Henry and Hazel earns income of $5000. The expenses they have to meet are food $500, house loan $450, electricity, water and gas $135. telephone $50 and car maintenance $155. The total monthly expenses of Henry and Hazel are

a. $1,790
b. $1,500
c. $1,390
d. $1,290
Answer  Explanation 

ANSWER: $1,290

Explanation:
No explanation is available for this question!


6)   Harry bought 50kg of potatoes for resale on his retailer store whereas he paid $2/kg. he expects that 5% potatoes will be rotten. If 95% profit on cost is to be obtained then selling price is

a. $4.10
b. $6.20
c. $5.80
d. $7.30
Answer  Explanation 

ANSWER: $4.10

Explanation:
No explanation is available for this question!


7)   John invested $8000 at 6.5% per annum compound interest which is compounded daily. The amount at the end of fifth year is

a. $13,960.70
b. $10,960.70
c. $11,960.70
d. $12,960.70
Answer  Explanation 

ANSWER: $10,960.70

Explanation:
No explanation is available for this question!


8)   The income tax imposed on first $90000 of income is $4000 and next $20000 is 7%. If chargeable income is $100,000 then the tax payable by the tax payers is

a. $5,400
b. $6,500
c. $7,000
d. $7,200
Answer  Explanation 

ANSWER: $5,400

Explanation:
No explanation is available for this question!


9)   If a book is sold for $250 at 15% loss on cost then cost price of book is

a. $350
b. $300
c. $365
d. $294
Answer  Explanation 

ANSWER: $294

Explanation:
No explanation is available for this question!


10)   The shopkeeper paid $80 each for two pair of shoes. He sell first pair of shoes making profit of 35% of cost price. He sell second pair of shoes at loss of 18% of cost price. The selling price of each pair of shoes respectively is

a. $125, $60.7
b. $123, $69.7
c. $108, $65.6
d. $110, $68.6
Answer  Explanation 

ANSWER: $108, $65.6

Explanation:
No explanation is available for this question!