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11-Plus Maths
Solving Problems - Money 2 (Medium)
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Q.1
Michael earns a salary of £24,523.50 per annum (per year). He has now been told that he will receive a 10% increase in his salary. How much will Michael earn per annum after his wage rise?
0%
£26,975.85
0%
£25,875.65
0%
£24,775.35
0%
£22,071.15
Q.2
Lisa has just arrived in India from the UK, and she wants to change her pounds sterling into Indian Rupees (₹): the exchange rate is £1 = ₹91.If Lisa changes £2,500, how many Indian Rupees will she get?
0%
₹22.90
0%
₹2,290
0%
₹22,900
0%
₹229,000
Q.3
Emily is going on holiday to Brazil next week, so she decides to change £800 into Brazilian Reals (R$). If £1 = R$5.32, how many Brazilian Reals will Emily get?
0%
R$4,256
0%
R$2,256
0%
R$1,256
0%
R$150
Q.4
Elsie bought seven Easter eggs, one for each of her grandchildren. Each Easter egg cost the same amount and Elsie got £4.50 in change from a £50 note. How much would one Easter egg have cost?
0%
£15.50
0%
£45.50
0%
£6.50
0%
£4.50
Q.5
A clothes shop is selling last season’s stock with a 60% discount. If a dress now costs £46.80, how much was it before the discount?
0%
£28.08
0%
£44.58
0%
£62.58
0%
£78.00
Q.6
Lucy inherited 25% of her grandfather's business. If the business is worth £1,325,000, what is the value of Lucy’s inheritance?
0%
£993,750
0%
£662,500
0%
£331,250
0%
£325,000
Q.7
Stephen has put £10,000 into a savings account. At the end of the year he is paid interest and his balance increases to £10,What rate of interest did Stephen’s bank pay?
0%
0.25%
0%
2.5%
0%
25%
0%
250%
Q.8
It costs a factory £20,000 to build one car. If the factory wants to make a 200% profit on the sale of the car, how much must it sell it for?
0%
£20,000
0%
£40,000
0%
£60,000
0%
£80,000
Q.9
Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.If Bruce changes $1,400, how many pounds sterling will he get?
0%
£2,632.00
0%
£1,832.28
0%
£932.48
0%
£744.68
Q.10
Tracey’s bank account pays interest of 2% per year on any money in her account. If Tracey has £894 in her account when the interest is calculated, how much will she earn in interest?
0%
£8.94
0%
£17.88
0%
£26.82
0%
£35.76
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