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Practice questions for MT1

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Decreasing a number by a percentage

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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

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{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?

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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

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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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