1. If Anthony earns $9,800 dollars for 16 hours of work and Mark makes $12,000 for 24 hours of work who makes more money?

A) Anthony B) Mark

2. If Carol invests $22,000 in a simple interest bond with an interest rate of 7%. How much interest will he make in 5 years?

A) $15,400 B) $1,450 C) $7,700 D) $3,300

3. Deborah earns 12% commission on all sales. If she sells $8,500 worth of merchandies how much commission does she make?

A) $1,250 B) $7,480 C) $890 D) $1,020

4. If Mathew invests $2200 in a simple interest bond with an interest rate of 7%. How much will his investment be worth after 5 years?

A) $3250 B) $2345 C) $2970 D) $770

5. If Mrs. Parker invests $35 000 in a compound interest with an interest rate of 3.5%. How much will her investment be worth after 4 years?

A) $38,250 B) $4,900 C) $40,163 D) $5,250

6. Cathy invested $8200 at the rate of 4.5% p.a. It earned $738 simple interest. The period of investment was:

A 6 months

B 1 year

C 2 years

D 2 years 6 months

E 3 years

7. Tom earned $504 when he invested $16 820 for 8 months. His rate of simple interest was:

A 0.37% p.a.

B 2.00% p.a.

C 3.00% p.a.

D 4.49% p.a.

E 5.00% p.a

8. John invested a sum of money, which earned $750 simple interest at the rate of 6% per annum over 2 years. The amount invested was:

A $88.80

B $6250

C $3125

D $2125

None of these