1. What is 20% as a fraction? A one fifth B one quarter C one third

2. What is 25% as a fraction? A one tenth B one quarter C one third

3. How many years is 18 months? A 1.8 B 1.5 C 1.2

4. How many years is 3 months? A 3 B 0.5 C 0.25

5. Rachel has a loan of $5000 at 10% p.a. simple interest over 3 years. What is the interest to be repaid? A $1500 B $500 C $150

6. How much does Rachel (in Question 5) repay altogether? A $5000 B $5150 C $6500

7. If Rachel (in Questions 5 and 6) repays the loan weekly, how much is each repayment? A $41.67 B $17.16 C $23.70

8. Stefan borrows $4000 at 5% p.a. flat interest over 6 months. How much is the interest? A $120000 B $1200 C $100

9. Leanne borrows $2000 at 2% p.a. flat interest over 18 months. How much is the interest? A $6000 B $60 C $72

10. Fiona borrows $1000 at 2% p.a. flat interest over 3 years. How much is repaid altogether? A $1060 B $1000 C $600
