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Practice questions for MT1

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Decreasing a number by a percentage

", "licence": "All rights reserved"}, "statement": "

In a sale, a bag is reduced by {p}%. It's original price was £{x}. What is its new price?

", "advice": "

\n

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proportion as %

", "licence": "All rights reserved"}, "statement": "

Sheila scored {m} marks out of {t} in an exam. What is this as a percentage?

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% of number

", "licence": "All rights reserved"}, "statement": "

{p}% of {n} people who took part in a survey said that they watched television for more than 5 hours a day. How many people watched television for up to 5 hours a day?

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original amount

", "licence": "All rights reserved"}, "statement": "

A shop reduced all of its stock by {p}%. John decided to buy a shirt which was £{c}. What was the original price of the shirt?

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compound interest

", "licence": "All rights reserved"}, "statement": "

A car, which original cost £{c}, depreciates by {p}% per year. How much will it be worth in {y} years?

", "advice": "", "rulesets": {}, "variables": {"c": {"name": "c", "group": "Ungrouped variables", "definition": "random(20000..30000)", "description": "", "templateType": "anything"}, "p": {"name": "p", "group": "Ungrouped variables", "definition": "random(25..32)", "description": "", "templateType": "anything"}, "y": {"name": "y", "group": "Ungrouped variables", "definition": "random(3..6)", "description": "", "templateType": "anything"}, "a": {"name": "a", "group": "Ungrouped variables", "definition": "c*((100-p)/100)^y", "description": "", "templateType": "anything"}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["c", "p", "y", "a"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "numberentry", "useCustomName": false, "customName": "", "marks": "3", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": false, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "a", "maxValue": "a", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "precisionType": "dp", "precision": 0, "precisionPartialCredit": "50", "precisionMessage": "You have not given your answer to the correct precision.", "strictPrecision": false, "showPrecisionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always", "type": "question"}, {"name": "Q6", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "

compound interest

", "licence": "All rights reserved"}, "statement": "

Desmond invests £{P}, at a rate of {r}% per anum for {n} years. What is the total amount that he will have after this time?

\n

You should assume that this is compound interest.

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CI only

", "licence": "All rights reserved"}, "statement": "

Doris invests £{P}, at a rate of {r}% per anum for {n} years. Calculate the compound interest.

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%

", "licence": "All rights reserved"}, "statement": "

The results of a recent survey show that {p}% of people who visit a particular website will make a purchase. If {n} people visit the website each day, then how many of them would be expected to make a purchase each day? Round your answer to the nearest whole number.

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ARR

", "licence": "All rights reserved"}, "statement": "

£{Invest} is invested into a project. For the next {y} years, the project receives £{a} pa (per anum = each year). What is the Accounting Rate of Return (ARR)?

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ARR compare

", "licence": "All rights reserved"}, "statement": "

Read the following information about two projects over {y} years. 

\n

Project A: The capital investment is £{ca}. In the first year, the income is £{a1}, in the last year it is £{aL} and in the other years it is £{ao}

\n

Project B: The capital investment is £{cb}. In the first year, there is no income, in year 2 the income is £{b2} and in the other years the income is £{bo}

\n

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What is the average annual income for Project A?

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What is the average annual income for Project B?

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Calculate the ARR for Project A

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Calculate the ARR for Project B

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PV

", "licence": "All rights reserved"}, "statement": "

Discount the sum of £{s} that is to be received in {y} years time at a discount rate of {r}%

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NPV

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The table shows information on the initial investment and income per year for Projects A and B. The discounting rate is 7%.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Year

\n
\n

Project A (£)

\n
\n

Project B (£)

\n
\n

0

\n
\n

-{ca}

\n
\n

-{cb}

\n
\n

1

\n
\n

{a1}

\n
\n

{b1}

\n
\n

2

\n
\n

{a2}

\n
\n

{b2}

\n
\n

3

\n
\n

{a3}

\n
\n

{b3}

\n
\n

4

\n
\n

{a4}

\n
\n

{b4}

\n
\n

5

\n
\n

{a5}

\n
\n

{b5}

\n
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Calculate the present value for Project A in year 1

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Calculate the present value for Project A in year 2

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Calculate the net present value for Project A

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Calclulate the net present value for Project B

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What will £{p} be worth in {y} years time if the discount rate is {r}%?

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