Class VIII

Television is priced at $10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then additional amount to pay in 24 monthly installments after deposit is
  1. $10,248
  2. $11,248
  3. $13,248
  4. $14,248
John invested $8000 at 6.5% per annum compound interest which is compounded daily. amount at end of fifth year is
  1. $13,960.70
  2. $10,960.70
  3. $11,960.70
  4. $11,960.70
Rachel invested $10000 at 8% per annum then time Rachel will take to make it $15000 is
  1. 8.25 years
  2. 8 years
  3. 7.25 years
  4. 6.25 years
If a book is sold for $250 at 15% loss on cost then cost price of book is
  1. $350
  2. $300
  3. $365
  4. $294
Income tax imposed on first $90000 of income is $4000 and next $20000 is 7%. If chargeable income is $100,000 then tax payable by tax payers is
  1. $5,400
  2. $6,500
  3. $7,000
  4. $7,200
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