Currency Conversion and Discount Calculation Quiz

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Questions and Answers

If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years?

  • $5,568.10 (correct)
  • $5,726.53
  • $5,624.77
  • $5,489.63

How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

  • $6,129.86
  • $6,378.45
  • $6,244.62
  • $6,512.73 (correct)

If the population of Town A was 12,979 people in 1995 and 22,752 people in 2005, what was the percentage change in population?

  • 90%
  • 85%
  • 80% (correct)
  • 70%

If a factory produced 2500 units in September and increased production by 12% in October, how many units were produced in October?

<p>2800 (D)</p> Signup and view all the answers

What was the original amount Darnel borrowed if he owes $3060 at 12% interest for three years?

<p>$3000 (B)</p> Signup and view all the answers

If Mara wanted to buy a camera priced at 150GBP during her holiday, how much would she need to pay in USD if the conversion rate is 1GBP = $1.34?

<p>$201 (B)</p> Signup and view all the answers

If Karen spent 40,418 JPY on a play station in Japan and Jessica spent 3,018 Moroccan Dirham on the same play station in Morocco, who purchased it for a lower price?

<p>Jessica in Morocco after conversion (A)</p> Signup and view all the answers

What is the agent's commission if the athlete's signing bonus is $90,000 and the agent makes 15% commission?

<p>$13,500 (B)</p> Signup and view all the answers

If Linda earns a weekly salary of $240 plus 6% commission, and one week she sells $3,000 worth of shoes, what are her total earnings for that week?

<p>$426 (D)</p> Signup and view all the answers

If you borrowed money and had to pay 2.55% interest, and the final amount you owed was $2510, how much did you originally borrow?

<p>$2,453 (B)</p> Signup and view all the answers

In Anna's class, if there are 12 boys and 18 girls, what is the ratio of girls to boys in simplest form?

<p>2:3 (B)</p> Signup and view all the answers

If Mac traveled 30 miles in ¾ of an hour at a constant speed, how far would he travel in 1 hour?

<p>50 miles (B)</p> Signup and view all the answers

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