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NBT Quantitative Literacy: Percentages and Financial Mathematics Flashcards

7 cards from real NBT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 NBT Quantitative Literacy: Percentages and Financial Mathematics flashcards as text

  1. A grocery basket costs R850 excluding VAT. How much VAT is charged at 15%?

    Answer: R127.50

    VAT = 15% × R850 = R127.50.

  2. Lindiwe invests R15 000 at 7% simple interest per annum for 4 years. What is the total amount at the end?

    Answer: R19 200

    I = R15 000 × 0.07 × 4 = R4 200; total = R15 000 + R4 200 = R19 200.

  3. A shopkeeper buys an item for R180 and sells it at a 331/3% markup. What is the selling price?

    Answer: R240

    33⅓% of R180 = R60; selling price = R180 + R60 = R240.

  4. R25 000 is invested at 9% compound interest per annum. What is the value after 3 years?

    Answer: R32 372.25

    A = R25 000 × (1.09)³ = R25 000 × 1.29503 ≈ R32 375.75 (closest option R32 372.25).

  5. After a 20% price reduction, a television costs R6 400. What was the original price?

    Answer: R8 000

    R6 400 = 80% of original; original = R6 400 ÷ 0.80 = R8 000.

  6. A budget is shown in a pie chart: 35% housing, 20% transport, 18% food, 12% clothing. What fraction is left for other expenses?

    Answer: 15/100

    Total allocated = 85%; remaining = 15%, which is 15/100.

  7. The price of petrol rises from R24.50 to R25.97 per litre. What is the approximate percentage increase?

    Answer: 6%

    Increase = R1.47; % = (1.47 ÷ 24.50) × 100 = 6%.