Numerical Reasoning Financial Numeracy

Question 1

An investment of $5,000 earns simple interest at 6% per year. What is the total value after 3 years?

Accepted Answer

$5,900

Answer

$6,000

Answer

$5,800

Answer

$6,300

Question 2

A retailer buys goods for $840 and sells them for $1,050. What is the profit margin as a percentage of selling price?

Accepted Answer

20%

Answer

25%

Answer

15%

Answer

18%

Question 3

A loan of $12,000 is taken at 8% annual interest for 2 years. What is the total amount repaid using simple interest?

Accepted Answer

$13,920

Answer

$14,400

Answer

$13,200

Answer

$12,960

Question 4

A company earns $320,000 revenue with $240,000 in costs. What is the gross profit percentage?

Accepted Answer

25%

Answer

33%

Answer

20%

Answer

30%

Question 5

A bank account pays 4% annual interest compounded annually. If you deposit $2,000, how much is in the account after 2 years?

Accepted Answer

$2,163.20

Answer

$2,160.00

Answer

$2,080.00

Answer

$2,200.00

Question 6

A salesperson earns a base salary of $2,500 per month plus 4% commission on sales. If monthly sales total $18,000, what is the total monthly income?

Accepted Answer

$3,220

Answer

$3,000

Answer

$3,120

Answer

$3,500