Financial Mathematics and Algebra: HSC Mathematics Standard 1 multiple-choice practice quiz
12 questions. Pick an answer and you'll see why right away. Options are shuffled each attempt, and the review at the end links each missed question to the dot point to revise.
A laptop bought for $2400 depreciates by $450 each year using the straight-line method. What is its value after 4 years?
A car worth $30 000 depreciates at 15% per annum using the declining-balance method. Which expression gives its value after 3 years?
An amount is invested at 6% per annum compounded monthly for 2 years. Which values of and are used in ?
How much must be invested now at 4% per annum compounded annually to have $10 000 in 5 years? Answer to the nearest dollar.
A share priced at $25.00 pays an annual dividend of $1.50. What is the dividend yield?
Which statement about paying only the minimum amount on a credit card each month is correct?
A loan has $20 000 owing at the start of a month. Interest is 0.5% per month and the monthly repayment is $400. What is the balance owing at the end of the month?
Inflation is 3% per year. A basket of groceries costs $200 today. If inflation continues at this rate, what will the same basket cost in 2 years?
A business has fixed costs of $600, and each item costs $4 to make. Items sell for $10 each. How many items must be sold to break even?
On a break-even graph, what does the y-intercept of the cost line represent?
Which situation is best modelled by a graph that curves upwards more and more steeply?
On a distance-time graph, what does a horizontal line segment show?