Welcome to your Grade 12 Mathematics chapter 5
After carefully reading the following 30 questions, choose the correct answer.
1.
What is the formula for calculating Simple Interest (I)?
2.
In the interest formula I=Prt, what does P represent?
3.
Compound interest is interest calculated on:
4.
The formula for the maturity value (A) of a compound interest investment is:
5.
If interest is compounded "semi-annually", how many times per year is interest added?
6.
Markup is defined as the:
7.
Which of the following represents the "Cost Price"?
8.
Depreciation refers to the:
9.
In the Straight-Line Method of depreciation, the annual depreciation is:
10.
The "Book Value" of an asset is calculated as:
11.
An "Annuity" is a series of:
12.
Sales Tax is usually calculated as a percentage of the:
13.
The time period between two consecutive interest payments is called the:
14.
Which of the following is a type of direct tax?
16.
What is the Value Added Tax (VAT) rate commonly used in Ethiopia (as stated or implied in textbooks)?
17.
In business, "Net Profit" is:
18.
A "Cash Discount" is offered to customers to:
19.
Which formula is used for the present value (PV) of a future amount (FV) with compound interest?
20.
The "Nominal Rate" of interest is the:
21.
If an item costs 80 and is sold for 100, the markup percentage based on cost is:
22.
"Effective Interest Rate" is the rate that:
23.
Which tax is applied to the income of corporations?
24.
An annuity where payments are made at the end of each period is a:
25.
The process of paying off a debt with a series of regular payments is:
26.
"Salvage Value" refers to the:
27.
If interest is compounded quarterly, how many times a year is interest calculated?
28.
A "Trade Discount" is a reduction in the:
29.
Which of the following is an example of an indirect tax?
30.
In simple interest, the principal:
