Stage 2 General Mathematics Quiz

Another way of saying simple interest is ...

• Interest only loan

• Effective Rate

• Flat Rate

• Comparison Rate

In Finance Questions, all numbers are rounded normally to 2 decimal places except for which values:

• I%

• N

• Fv

• PMT

For almost all scenarios, N and PMT are rounded up. The only situation in the exam where N and PMT should be rounded down is ...

• Loan Repayments

• Annunity Account/ Pension/ Spending Money

• Depositing Money

• Time taken to pay back loan

When using your TVM Menu, for Pv, PMT and Fv when are values negative:

• Depositing money into the bank

• Amount of money you have loaned

• Loan repayments

• Outstanding balance of a loan

All values in Finance are recorded to 2 decimal places, except for N, which must be rounded to:

• 1 decimal place

• 2 decimal places

• Whole Number

• Nearest 10

When using your TVM Menu, for Pv, PMT and Fv when are values positive:

• Depositing money into the bank

• Amount of money you have loaned

• Money you have withdrawn from bank

• Total value of a savings account at end of investment

• There were 109 elephants initially

• For every additional year, the population of elephants increased by 90%

• There were 81 elephants initially

• For every additional year, the population of elephants increased by 9%

If r=-0.7, this means that:

• There is a strong, positive correlation between variables

• There is a moderate, positive correlation between variables

• There is a strong, negative correlation between variables

• There is a moderate, negative correlation between variables

For the correlation between x= the number of years since a population began and y= the population of elephants. If y=35.6x+80.7, tick all that are true:

• There were 36 elephants initially

• For every additional year, the population of elephants increased by approx 35.6/ 36 elephants

• There were 81 elephants initially

• For every additional year, the population of elephants increased by approx 80.7/ 81 elephants

For the correlation between x= the number of years since a population began and y= the population of elephants. If r²=0.85, this means that:

• There is a strong, positive correlation

• 85% of the variation in the number of years, is caused by the variation in the population of elephants

• 85% of the variation in the population of elephants, is caused by the variation in number of years

• 8.5% of the variation in the population of elephants, is caused by the variation in number of years