11 Maths Exam - Naz

Why is it important to prepare a budget?

(Select all that apply)

• Because it helps me understand where my money is going.

• It helps me to find employment.

• It helps me to see where I can make changes to increase my savings.

• It helps me know which bank to put my money in.

How do I calculate my savings?

• Expenses minus Income

• Income minus Expenses

• Expenses minus savings

• Income minus savings

If I am saving $100 per week and want to buy a computer for $1,100.

How many weeks will it take me to save up?

• 10 weeks

• 12 weeks

• 9 weeks

• 11 weeks

Which of the following converts to $100 per week?

(Note - 1 month = 4 weeks; 1 quarter = 12 weeks; and 1 year = 52 weeks)

(Select all that apply)

• $300 per month

• $400 per month

• $1,400 per annum

• $1,200 per quarter

Conversions: Decimals and Percentages.

Express 0.25 as a percentage.

• 0.25%

• 2.5%

• 25%

• 250%

Conversions: Decimals and Percentages.

Express 2.5 as a percentage.

• 0.25%

• 2.5%

• 25%

• 250%

Conversions: Decimals and Percentages.

Express 25% as a decimal.

• 0.25

• 2.5

• 25.0

• 250.0

Discounts: A pair of shoes normally sell for $60.00

How much discount will I get if they have been marked down by 10%?

• $65

• $0.65

• $6.55

• $6.00

Discounts: A pair of shoes normally sell for $60.00

What will they cost if they have been marked down by 10%?

• $65

• $55

• $54

• $56

Which of the following normally charges the highest interest rate?

• Home Loan

• Credit Card