Financial Numeracy Flashcards
6 cards from real Numerical Reasoning practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Financial Numeracy flashcards as text
If $6,000 is invested at 5% compound interest annually, what is the value after 3 years?
Answer: $6,945.75
Year 1: 6000×1.05=$6,300; Year 2: 6300×1.05=$6,615; Year 3: 6615×1.05=$6,945.75.
A product costs $48 after a 20% discount. What was the original price?
Answer: $60
Original price = $48 ÷ (1 − 0.20) = $48 ÷ 0.80 = $60.
A business spends $12,000 on advertising and generates $84,000 in new revenue. What is the return on advertising spend (ROAS)?
Answer: 7
ROAS = Revenue ÷ Ad Spend = $84,000 ÷ $12,000 = 7.
An employee earns $52,000 annually and receives a 3.5% raise. What is the new annual salary?
Answer: $53,820
Raise = 0.035 × $52,000 = $1,820; new salary = $52,000 + $1,820 = $53,820.
A rental property generates $1,800/month and costs $180,000. What is the annual rental yield percentage?
Answer: 12%
Annual rental income = $1,800 × 12 = $21,600; yield = ($21,600 ÷ $180,000) × 100 = 12%.
A company issues bonds worth $50,000 at a 6% coupon rate payable semi-annually. What is each semi-annual coupon payment?
Answer: $1,500
Annual coupon = 0.06 × $50,000 = $3,000; semi-annual = $3,000 ÷ 2 = $1,500.