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Grade 8 - Mathematics
9.40 Business Mathematics Review Test


Name: ___________________

Date:___________________

Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: Using the normal convention, simple interest T = 100I/PR.
False
True

Q 2: If the selling price is more than the cost price there is ____.
no gain
loss
profit

Q 3: Peter can do 1/49th of a piece of work in a day, then he can do the the complete work in ____ days.
49
1/49

Q 4: Peter borrowed $7500 at 16% compound interest for two years. The amount he would pay at the end of the second year would be _______.
$10,092
$9,535
$11,345

Q 5: If the selling price is less than the cost price there is ______.
Answer:

Q 6: Amount = Principal + ________.
Time
Rate
Interest

Q 7: Matt and John started a business with capitals of $3000, and $5000 respectively and made a profit of $1880, then Matt's share of the profit would be _____.
$800
$705
$930

Q 8: The interest agreed to be paid per year as a percentage is called the _____.
amount
principal
rate

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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