Numeric Reasoning

Question 1

The GST in NZ is ___

Answer 1

15%
0.15
15 / 100

Question 2

Figure out the Calculation:
From: GST inc
To: GST exl

Answer 2

/ 1.15

Question 3

Figure out the Calculation:
From: GST inc
To: GST

Answer 3

• 0.15

Question 4

Figure out the Calculation:
From: GST exl
To: GST inc

Answer 4

• 1.15

Question 5

Figure out the Calculation:
From: GST exl
To: GST

Answer 5

• 0.15

Question 6

Figure out the Calculation:
From: GST
To: GST inc

Answer 6

• 1.15

Question 7

Figure out the Calculation:
From: GST
To: GST exl

Answer 7

/ 0.15

Question 8

Define Compound Interest

Answer 8

Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Question 9

Principal is $10,000
Interest is 3%
What would the profit be after one year?

Answer 9

$300

10,000 * 1.03 = 10,300

Question 10

Define Simple Interest

Answer 10

Simple interest is a type of interest that is applied to the amount borrowed or invested for the entire duration of the loan.

Question 11

Calculate the simple interest:

$100 deposited for three years at an interest rate of %10

Answer 11

10% of $100 is 1.10

1.10 * 100 = 10 * 3 = $30

Question 12

The formula for calculating the interest

Answer 12

i = p * r * t / 100

Question 13

p equals _______

Answer 13

principle

Question 14

i equals ______

Answer 14

interest

Question 15

r equals ____

Answer 15

rate

Question 16

t equals ____

Answer 16

time

Question 17

the formula for calculating the rate?

Answer 17

r = i / p / t * 100

Question 18

the formula for calculating the principle?

Answer 18

p = i / r * t

Question 19

the formula for calculating the time?

Answer 19

t = i / p * r