At a bank, EC$2.60 is equivalent to US$1.00. For every US$1.00 exchanged, EC$0.10 is deducted as an exchange fee. How much EC dollars will Leon receive if he exchanges US$100.00?
3. Consumer Arithmetic (2018-2024)

Quiz
•
Mathematics
•
10th Grade
•
Medium
Miss Habibah
Used 2+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
$90.90
$236.34
$250.00
$260.00
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If $7 000 is borrowed at the rate of 5% per annum for 3 years, the simple interest is
$ 105
$ 210
$ 370
$1 050
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A dress which costs $180.00 is being sold at a discount of 10%. The amount of the discount is
$ 1.80
$ 10.00
$ 18.00
$ 170.00
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An article bought for $125 was sold for $175. The profit as a percentage of the cost price was
28.6
40
50
71.4
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The value of a plot of land is $18 000. Land tax is charged at the rate of $0.70 per $100 value. What is the TOTAL amount of tax paid for the land
$100.70
$110.00
$126.00
$180.70
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If the simple interest on $900 for 3 years was $108, what was the rate of interest?
4%
8%
12%
25%
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
At the end of any year a car is worth 5% less than what it was worth at the beginning of the year. If a car is worth $9 500 in December 2016, then its value in January 2016 was
$ 9 995
$10 000
$10 025
$12 000
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