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Question 1 of 4
1. Question
A fruit vendor bought 120 oranges for $36 per dozen. He sold the oranges for $4 each. Did the vendor make a profit or a loss? How much?
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C.P = $ x dozens = $
S.P = $ x = $
Did the vendor make a profit or loss?
Profit = $
Correct 8 / 8 PointsIncorrect / 8 Points -
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Question 2 of 4
2. Question
Which of the following savings will yield the highest return?
Scheme 1 Scheme 2 Scheme 3 Deposit: $500 Rate: 3% per annum for 5 years.
Deposit: $600 Rate: 2% per annum for 6 years.
Deposit: $400 Rate: 5% per annum for 2 years.
CorrectIncorrect -
Question 3 of 4
3. Question
Mr. Jack saves $600 for 3 months at a rate of 8% per annum. How much money does he now have?
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First find Interest
I = ÷ = $
Amount in account = $ = $ ⇐ Answer
Correct 5 / 5 PointsIncorrect / 5 Points -
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Question 4 of 4
4. Question
Aisha’s mom borrowed $1200 from the bank at 9% simple interest rate per annum. She took the loan for a period of four years. She was required to repay the total amount in equal monthly installments. How much did she have to pay each month?
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I = ( )÷ =
Total repayment = $ = $
monthly payment = ÷ = $ ⇐ Answer
Correct 8 / 8 PointsIncorrect / 8 Points -
