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This quiz is to allow P3 pupils to apply what they have learnt about money.
Please key in your Class, Index and Full Name. Under "Your name"
(Follow the example:"3K-1-David Chua Teck Ming")
Questions and Answers
1.
Sarah received $80 as a birthday gift. She decided to save 40% of it and spend the rest on a video game that costs $48. How much money will Sarah have left after buying the video game and saving her portion?
A.
$32
B.
$48
C.
$72
D.
$52
Correct Answer D. $52
Explanation To calculate how much money Sarah will have left, follow these steps:
1. Calculate the amount Sarah saved, which is 40% of $80:
40% of $80 = (40/100) x $80 = $32
2. Subtract the cost of the video game ($48) from the amount saved ($32):
$32 (amount saved) - $48 (cost of the video game) = -$16
Since Sarah spent more on the video game than she had saved, she will have a deficit of $16, which means she will have -$16 left. To find out how much money she would need to make up the deficit and have a positive balance, we add $16 to the deficit:
-$16 (current balance) + $16 (to make up the deficit) = $0
Now, Sarah needs an additional $16 to have $52 left after buying the video game.
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2.
Write in words the value of the dollar note below?
Correct Answer Ten dollars ten dollars
Explanation The given answer states that the value of the dollar note is "Ten dollars, ten dollars." This implies that the note is worth ten dollars. The repetition of the phrase "ten dollars" emphasizes the value of the note and reinforces the fact that it is indeed worth ten dollars.
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3.
What is the value of the dollar note below?
A.
$2
B.
$5
C.
$10
D.
$20
E.
$50
Correct Answer B. $5
Explanation The value of the dollar note below is $5.
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4.
Write in words the value of the coin note below?
Correct Answer twenty cents Twenty cents
Explanation The given correct answer is "twenty cents" and "Twenty cents." This answer correctly describes the value of the coin note as being twenty cents.
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5.
What is the value of the coin below?
A.
1 cent
B.
5 cents
C.
20 cents
D.
50 cents
E.
100 cents
Correct Answer E. 100 cents
Explanation The value of the coin below is 100 cents because it is stated in the answer.
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6.
What is the sum of all the dollar notes below?
A.
$20
B.
$2
C.
$22.20
D.
$22.02
E.
$22
Correct Answer E. $22
Explanation The sum of all the dollar notes below is $22 because when we add up $20, $2, $22.20, $22.02, and $22, the total amount is $22.
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7.
What is the sum of the value of all the coins below?all
A.
81 cents
B.
82 cents
C.
80 cents
D.
270 cents
Correct Answer B. 82 cents
Explanation The sum of the value of all the coins is 82 cents. This can be determined by adding up the values of each coin: 81 cents + 82 cents + 80 cents + 270 cents = 503 cents. However, since the question asks for the sum of the value of all the coins below a certain amount, we can exclude the 270 cents coin. Therefore, the sum is 81 cents + 82 cents + 80 cents = 243 cents, which is equivalent to 2 dollars and 43 cents.
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8.
Write in words the value of all the coins and dollar notes below?
Correct Answer Twelve dollars and fifty-five cents twelve dollars and fifty-five cents
Explanation The given answer correctly states the value of the coins and dollar notes as "Twelve dollars and fifty-five cents" and repeats it as "twelve dollars and fifty-five cents." This indicates that the total value is $12.55.
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9.
62 cents is the same as ________ .
A.
$0.62
B.
$0.062
C.
$0.0062
D.
$6.20
E.
$62
Correct Answer A. $0.62
Explanation The given question asks for the equivalent value of 62 cents. The correct answer is $0.62, which is the standard way to represent 62 cents in decimal form.
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10.
535 cents is the same as ________ .
A.
$0.535
B.
$5.35
C.
$53.50
D.
$535
E.
$5350
Correct Answer B. $5.35
Explanation 535 cents is the same as $5.35 because there are 100 cents in a dollar. Therefore, to convert cents to dollars, we divide the number of cents by 100. In this case, 535 cents divided by 100 equals $5.35.
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11.
$8.95 is the same as ________ .
A.
0.895 cents
B.
8.95 cents
C.
89.5 cents
D.
895 cents
E.
8950 cents
Correct Answer D. 895 cents
Explanation The given statement asks for an equivalent value of $8.95. To convert dollars to cents, we multiply by 100. Therefore, $8.95 is equal to 895 cents.
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12.
$0.06 is the same as ________ .
A.
0.6 cents
B.
6 cents
C.
60 cents
D.
600 cents
E.
6000 cents
Correct Answer B. 6 cents
Explanation The given question asks for the equivalent value of $0.06. The answer "6 cents" is correct because $0.06 is equal to 6 cents.
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13.
How many $2 notes are needed to buy the bag shown below?
A.
1
B.
8
C.
9
D.
10
E.
18
Correct Answer C. 9
Explanation To determine the number of $2 notes needed to buy the bag, we need to count the number of $2 notes that add up to the price of the bag. Since the answer is 9, it means that 9 $2 notes are needed to buy the bag.
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14.
If I have only 10-cents coins left, how many 10-cents coins will I need to pay for a cup of coffee that cost $0.80?
A.
8
B.
80
C.
800
D.
8000
E.
0.8
Correct Answer A. 8
Explanation To pay for a cup of coffee that costs $0.80, you will need 8 10-cents coins. Since each 10-cent coin is worth 10 cents, multiplying 10 cents by 8 coins gives you a total of 80 cents, which is equal to $0.80. Therefore, you will need 8 10-cents coins to pay for the coffee.
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15.
Find the sum of $12 and $18.
A.
$10
B.
$20
C.
$30
D.
$6
Correct Answer C. $30
Explanation The correct answer is $30 because when we add $12 and $18 together, we get a total of $30.
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16.
Find the sum of $9.70 and $1.45.(Please '$' in your answer in the space below )
Correct Answer $11.15
Explanation The given question asks for the sum of $9.70 and $1.45. To find the sum, we add the two numbers together. When we add $9.70 and $1.45, we get a total of $11.15.
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17.
Find the sum of $32.50 and $2.75.(Please '$' in your answer in the space below )
Correct Answer $35.25
Explanation To find the sum of $32.50 and $2.75, we add the two amounts together. When we add $32.50 and $2.75, we get a total of $35.25.
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18.
Find the difference between $22 and $14.
A.
$1
B.
$2
C.
$8
D.
$36
Correct Answer C. $8
Explanation The correct answer is $8 because when you subtract $14 from $22, you get $8.
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19.
Find the difference between $6 and $1.75. (Please '$' in your answer in the space below )
Correct Answer $4.25
Explanation The given question asks for the difference between $6 and $1.75. To find the difference, we subtract the smaller amount from the larger amount. In this case, $6 - $1.75 = $4.25. So, the correct answer is $4.25.
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20.
Find the difference between $14 and $12.60. (Please '$' in your answer in the space below )
Correct Answer $1.40
Explanation The difference between $14 and $12.60 is $1.40. This can be calculated by subtracting $12.60 from $14, which gives us $1.40.
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