# Multiple Choice questions. The value of 117 x (-3)

## Transcription

Multiple Choice questions. The value of 117 x (-3)
```Multiple Choice questions.
1.
The value of 117 x (-3) - 1 is:
a)
351
b)
350
c)
-352
d)
113
2.
The fraction 10/16 expressed as a decimal is:
a)
0.160
b)
0.600
c)
0.100
d)
0.625
3.
The value of 0.327 - 0.159 + 1.643 is:
a)
2.129
b)
1.811
c)
1.157
d)
-1.475
4.
The value of 3/16 + 1/4 - 3/8 is:
a)
1/2
b)
29/24
c)
5/12
d)
1/16
5.
The value of (1/3 + 3/4) x (2 + 1/4) is:
a)
9/12
b)
17/14
c)
39/16
d)
9/4
6.
Three adults and two children went to a football match. Each adult paid \$9.50 and the
total bill was \$36.50. The amount paid for each child was:
a)
\$3.50
b)
\$4.50
c)
\$5.50
d)
\$4.00
7.
The stamp duty on a sale of property is approximately 2.5% of the selling price. If a
house sold for \$260,000, how much did the state government receive in stamp duty
from the sale?
a)
\$6,500
b)
\$65,000
c)
\$650
d)
\$6,500 plus GST
8.
In 1999, Japan invested \$48.9 billion in Australia. If Australia invested 28.1% of this
amount back into Japan, how much did Australia invest in Japan?
a)
\$13.7 billion
b)
\$10.7 billion
c)
\$174.6 billion
d)
\$137 billion
FNSACC303A Perform financial calculations
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9.
Helen works on a commission basis only, earning 4.25% on all sales, and just
received a cheque for \$3,476. What were her month’s sales?
a)
\$362,373
b)
\$147,730
c)
\$333,429
d)
\$81,788
10.
An electric fan was reduced to \$51 after a 15% discount had been applied. What was
the original price of the fan?
a)
\$58.65
b)
\$95.35
c)
\$60.00
d)
\$43.35
11.
The fraction 5/16 converted to a percentage is:
a)
32%
b)
5%
c)
3.125%
d)
31.25%
12.
Jenny Chen, a sales representative, earns a straight 7.5% commission on gross
sales value. How much would she have to sell in order to earn \$487.50 commission?
a)
\$3,656
b)
\$65
c)
\$650
d)
\$6,500
13.
A broker charges customers a fixed fee of \$75 plus 3.5% of the amount of
investments made. If a customer invests \$15,000 through the broker, the total
brokerage payable is:
a)
\$600
b)
\$5,325
c)
\$480
d)
\$127.50
14.
A store is selling a massage chair for \$1,163.50, after been discounted by 35%,
The normal price is:
a)
\$1,204.22
b)
\$3,324.29
c)
\$1,790.00
d)
\$1,570.73
15.
An electronics store marks up its hand held computer games by 45% over the price it
pays the supplier. If the store sells these games for \$36.25, the price it pays the
supplier is:
a)
\$16.31
b)
\$19.94
c)
\$34.69
d)
\$25.00
16.
A service station buys brake pads for \$36 from the supplier and sells them for
\$41.40. The mark-up is:
a)
15.0%
b)
5.04%
c)
13.04%
d)
54.0%
FNSACC303A Perform financial calculations
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17.
Mr Karanasos is awaiting the time when his \$5,625 deposit receiving 8% p.a. simple
interest will reach maturity value of \$10,000. How long must Mr Karanasos wait (to
one decimal place)?
a)
5 years
b)
5.5 years
c)
9.7 years
d)
12 years
18.
Mr Nguyen wanted to ensure he was well looked after at retirement and calculated
that he needed \$500,000 at age 65 years to live comfortably. How much (to the
nearest dollar) should Mr Nguyen invest today if he retires in seven years and a
simple interest rate of 8.5% p.a. applies?
a)
\$313,480
b)
\$297,500
c)
\$186,520
d)
\$202,500
19.
The simple interest earned on \$35,000 deposited at a rate of 6.5% p.a. for a period of
5 years and 3 months is:
a)
\$11,943.75
b)
\$2,275.00
c)
\$12,057.50
d)
\$1,194.38
20.
A bank lends Barbara Salgado \$10,000 which must be paid at the end of 1 year
when \$10,281.25 will be due. The annual simple interest rate the bank is charging is:
a)
5.75%
b)
2.81%
c)
7.50%
d)
3.75%
21.
A newsagent wants to have an amount of \$25,000 in 6 years when she retires. She
can invest her money at a simple interest rate of 8.75% p.a. How much money (to the
nearest dollar) should she invest now to achieve her aim?
a)
\$16,393
b)
\$17,482
c)
\$15,000
d)
\$23,041
22.
A dentist borrows \$27,000 to be repaid monthly over 3 years. There is a flat rate of
interest of 7.25%. The total simple interest on the loan is:
a)
\$1,957.50
b)
\$5,872.50
c)
\$5,000.00
d)
\$19,575.00
23.
What is the simple interest (i) and compound interest (ii) received for a \$2,000
principal at 8% pa over four years?
a)
(i) \$640
(ii) \$2,271
b)
(i) \$2,640 (ii) \$2,271
c)
(i) \$6400 (ii) \$721
d)
(i) \$640
(ii) \$721
FNSACC303A Perform financial calculations
Page 3 of 4
24.
A lawyer invests \$13,000 at an interest rate of 4.0% pa, compounded annually. The
accumulated value (to the nearest dollar) earned after 5 years is:
a)
\$15,260
b)
\$15,500
c)
\$15,816
d)
\$15,600
25.
Using the same information as the above question, the amount of compound interest
earned (to the nearest dollar) after 5 years is:
a)
\$2,260
b)
\$2,816
c)
\$2,500
d)
\$2,600
26.
The cost of a car service was \$7,512.80 excluding GST. How much GST needs to be
a)
75.12
b)
512.80
c)
682.98
d)
751.28
27.
The amount of \$4,890.50 is inclusive of 10% GST. How much is GST in this amount?
a)
48.90
b)
90.50
c)
444.59
d)
489.05
28.
Using the below income tax table for the 2010/2011 financial year, what is the tax
payable on taxable income of \$18,500?
a)
\$7,875
b)
\$4,125
c)
\$1,875
d)
\$900
29.
Last year Jenny’s gross income was \$98,700 and her allowable deductions were
\$3,200. Using the below income tax table for the 2010/2011 financial year, calculate
Jenny’s amount of tax due:
a)
\$23,285
b)
\$5,735
c)
\$24,525
d)
\$17,550
30.
The value of 6 3/8 when converted to an improper fraction is?
a)
51/8
b)
18/8
c)
8/18
d)
9/8
Taxable income
Tax on this income 2010/2011
0 – \$6,000
Nil
\$6,001 – \$37,000
15c for each \$1 over \$6,000
\$37,001 – \$80,000
\$4,650 plus 30c for each \$1 over \$37,000
\$80,001 – \$180,000
\$17,550 plus 37c for each \$1 over \$80,000
\$180,001 and over
\$54,550 plus 45c for each \$1 over \$180,000
FNSACC303A Perform financial calculations
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```