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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. Amahle earns a commission of 3.5% on sales. She sells R180 000 worth of goods. What is her commission?

    Answer: R6 300

    3.5% of R180 000 = R6 300.

  2. A R4 500 loan attracts simple interest of R810 over a certain period at 9% per annum. For how many years was the loan?

    Answer: 2

    t = I ÷ (P × r) = 810 ÷ (4 500 × 0.09) = 810 ÷ 405 = 2 years.

  3. Goods are sold for R1 150 at a loss of 8% on cost. What was the cost price?

    Answer: R1 250

    R1 150 = 92% of cost; cost = R1 150 ÷ 0.92 = R1 250.

  4. A car depreciates by 15% per year from R240 000. What is its value after 2 years?

    Answer: R173 400

    After year 1: R240 000 × 0.85 = R204 000; year 2: R204 000 × 0.85 = R173 400.

  5. A household spends 28% of its R35 000 monthly income on rent. How much is spent on rent?

    Answer: R9 800

    28% of R35 000 = R9 800.

  6. Which represents the best deal for a R2 400 item: 25% discount, or paying R1 750 cash?

    Answer: Paying R1 750 cash

    25% off R2 400 = R600 discount, giving R1 800 — still more than R1 750.

  7. R50 000 is invested at 11% compound interest. After how many years does the investment first exceed R75 000?

    Answer: 4 years

    Year 1: R55 500; Year 2: R61 605; Year 3: R68 381.55; Year 4: R75 903.52 > R75 000.