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11 Plus (11+) Maths Practice Test: Solving Problems - Money (Medium)
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11 Plus (11+) Maths Practice Test: Solving Problems - Money (Very Easy)

11 Plus (11+) Maths Practice Test: Solving Problems - Money (Easy) 

11 Plus (11+) Maths Practice Test: Solving Problems - Money (Medium)
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20 Questions

1. A fine for late payment is charged at 1% per day on the money owed. If someone owes £250, how much will the fine be after one day?
2. Stephen has put £10,000 into a savings account. At the end of the year he is paid interest and his balance increases to £10,250. What rate of interest did Stephen’s bank pay?
3. It costs a factory £20,000 to build one car. If the factory wants to make a 200% profit on the sale of the car, how much must it sell it for?
4. Paul has just arrived in the USA from the UK, and he wants to change his pounds sterling into US dollars: the exchange rate is £1 = $1.6. If he changes £2,500, how many US dollars will he get?
5. Mark has put £3,500 into a savings account. If he doesn't remove his money for 1 year, he will earn an interest of 2%. How much in pounds is 2% interest?
6. Tracey’s bank account pays interest of 2% per year on any money in her account. If Tracey has £894 in her account when the interest is calculated, how much will she earn in interest?
7. Michael earns a salary of £24,523.50 per annum (per year). He has now been told that he will receive a 10% increase in his salary. How much will Michael earn per annum after his wage rise?
8. James inherited 75% of his grandfather's money. If his grandfather left £125,000, how much did James inherit?
9. Sofia has just arrived in the UK from Italy, and she wants to change her Euros into pounds sterling: the exchange rate is £1 = €1.2. If she changes €1,200, how many pounds sterling will she get?
10. It costs a shop £1 to buy an article which it then sells at a profit. If the shop wants to make a 400% profit on the sale of the article, how much must it sell it for?
11. Peter is going on holiday to Germany next week, so he decides to change £500 into Euros (€). If £1 = €1.2, how many Euros will he get?
12. Elsie bought seven Easter eggs, one for each of her grandchildren. Each Easter egg cost the same amount and Elsie got £4.50 in change from a £50 note. How much would one Easter egg have cost?
13. Janet got £12.19 in change from a £50 note after she had bought three items that each cost the same price. How much did each item cost?
14. Sally gets a salary of £14,560 per annum (per year). She has now been told that she has to take a 10% reduction in her salary. How much will she earn per annum after the 10% reduction?
15. Lucy inherited 25% of her grandfather's business. If the business is worth £1,325,000, what is the value of Lucy’s inheritance?
16. Emily is going on holiday to Brazil next week, so she decides to change £800 into Brazilian Reals (R$). If £1 = R$5.32, how many Brazilian Reals will Emily get?
17. Bruce has just arrived in the UK from Australia, and he wants to change his Australian dollars into pounds sterling: the exchange rate is £1 = $1.88. If Bruce changes $1,400, how many pounds sterling will he get?
18. A clothes shop is selling last season’s stock with a 60% discount. If a dress now costs £46.80, how much was it before the discount?
19. Lisa has just arrived in India from the UK, and she wants to change her pounds sterling into Indian Rupees (₹): the exchange rate is £1 = ₹91.6. If Lisa changes £2,500, how many Indian Rupees will she get?
20. Super Stores is giving a 50% discount on certain electrical items. If a 'Frosty' fridge sells for £548, what will it sell for if there is a 50% discount on it?

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