Level 1: New Century Mathematics (Second Edition) S3 Question Bank 3A Chapter 3 Percentages (II)

New Century Mathematics (Second Edition)
S3 Question Bank
3A Chapter 3 Percentages (II)
Level 1
<code=10116020>
<bk=3A><ch=3><ex=3A><type=L1><mark=2><title=10116020><content>
$12 000 is deposited in a bank at an interest rate of 2% p.a. for 3 years. Find the simple interest
received.
(2 marks)
<code=10116025>
Joanne deposits $54 000 in a bank at an interest rate of 5% p.a. Find the time required to receive
simple interest of $16 200.
(3 marks)
<code=10116085>
Cindy borrows $126 000 from a bank. If she has to pay $60 480 as simple interest after 8 years,
find the interest rate per annum.
(3 marks)
© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.1

<code=10116086>
Sammy deposits a sum of money in a bank at a simple interest rate of 3.5% p.a. If the amount
received after 2 years is $103 790, find the principal.
(3 marks)
<code=10116196>
Dorothy deposits a sum of money in a bank at an interest rate of 3% p.a. If the simple interest
received after 8 months is $2 100, find the sum of money deposited.
(3 marks)
<code=10116204>
Richard deposits $400 000 in a bank at a simple interest rate of R% p.a. If the amount received
after 9 months is $409 600, find the value of R.
(3 marks)

<code=10116264>
Thomas borrows $18 000 from a finance company. If the simple interest paid by Thomas after 8
years is equal to the principal, find the interest rate per annum.
(3 marks)
<code=10116266>
Ben deposits $3 500 000 in a bank at an interest rate of R% p.a. If the interest rate per annum
doubles, Ben will receive $140 000 as simple interest after 2 years. Find the value of R.
(3 marks)
<code=10116281>
<bk=3A><ch=3><ex=3B><type=L1><mark=4><title=10116281><content>
$3 000 is deposited in a bank at an interest rate of 2% p.a. compounded yearly. Find the amount
and the compound interest received after 6 years.
(Give the answers correct to the nearest $10.)
(4 marks)

<code=10116356>
Mr Lee deposits $P in a bank at an interest rate of 7% p.a. compounded yearly. If the amount
received after 5 years is $8 780, find the value of P, correct to the nearest integer.
(3 marks)
<code=10116368>
Cathy borrows a sum of money from a bank at an interest rate of 12% p.a. compounded yearly. If
she has to pay interest of $7 800 after 4 years, how much is the sum of money borrowed?
(Give the answer correct to the nearest dollar.)
(3 marks)
<code=10116371>
$450 000 is deposited in a bank at an interest rate of 3.2% p.a. for 8 years. Find the difference
between the interests calculated on the bases of simple interest and compound interest
(compounded yearly).
(4 marks)

<code=10116396>
Erica deposits $20 000 in a bank at an interest rate of 9% p.a. for 10 years. Find the amount
received if the interest is compounded
(a) yearly,
(b) monthly.
(Give the answers correct to the nearest dollar.)
(6 marks)
<code=10116409>
David borrows $5 000 from a bank at an interest rate of 7.8% p.a. compounded monthly. Find the
amount he should repay after 3 years.
(4 marks)

<code=10116429>
Alex takes out a loan of $35 000 from a bank at an interest rate of 2.1% p.a. compounded
quarterly. Find the interest he will pay after 6 years.
(4 marks)
<code=10116470>
Gary deposits $60 000 in a bank at an interest rate of 4% p.a. compounded every two months.
When the amount received is more than $75 000, a bonus will be paid by the bank. Will Gary get
the bonus 5 years later? Explain your answer.
(6 marks)

<code=10116496>
<bk=3A><ch=3><ex=3C><type=L1><mark=2><title=10116496><content>
There are 4 000 kangaroos in a preservation area now. If the number of kangaroos in the area
increases steadily at a rate of 10% per year, find the number of kangaroos after 3 years.
(2 marks)
<code=10116505>
A tanker is leaking oil to the sea. The oil covers an area of 8.43 km2 now. If the area covered by the
oil increases by 6% every 10 minutes, what is the area covered by the oil after 2 hours?
(Give the answer correct to the nearest 0.01 km2.)
(3 marks)
<code=10116507>
David’s present height is 120 cm. He wants to join a basketball team whose minimum height
requirement is 155 cm. If his height increases at a steady rate of 7.5% per year, can he join the
basketball team after 4 years? Explain your answer.
(4 marks)

<code=10116534>
In a city, the number of newborn babies increases at a constant rate of 2.4% per year. If the number
of newborn babies is 45 000 this year, find the number of newborn babies in the city 8 years ago,
correct to the nearest integer.
(3 marks)
<code=10116535>
<bk=3A><ch=3><ex=3D><type=L1><mark=2><title=10116535><content>
The present value of a wallet is $1 800. If its value depreciates by 10% per year, what will the
value of the wallet be after 6 years?
(2 marks)
<code=10116570>
After the rise in the speeding fine at the beginning of this year, the number of car accidents
decreases at a steady rate of 3.2% per month. There are 4 250 car accidents in April. How many
car accidents will there be in September?
(Give the answer correct to the nearest integer.)
(3 marks)

<code=10116614>
The population of a town is 62 000 now. If the population of the town decreases by 12% every 3
years, will the population of the town be less than 36 000 after 15 years? Explain your answer.
(5 marks)
<code=10116616>
The depreciation rate of a machine is 1.5% every 4 months. Its value was $328 000 in 2016. Find
the value of the machine in 2011.
(3 marks)

<code=10116630>
The attendance of an exhibition decreased at a rate of 7% per day from Monday to Friday in a
week. The attendance on Friday was 52 000. The organizer claims that there were over 70 000
visitors to the exhibition on Monday. Do you agree? Explain your answer.
(5 marks)
<code=10116645>
<bk=3A><ch=3><ex=3E><type=L1><mark=2><title=10116645><content>
In a shop, the number of smartphones sold in June was 75 000. The number of smartphones sold
decreased by 4% from June to July, and then decreased by a further 20% from July to August.
How many smartphones were sold in August?
(2 marks)
<code=10116793>
Tony’s original weight was 50 kg. His weight first increased by 8% after a holiday, and then
decreased by 8% after joining a fitness programme. Was his weight after the programme equal to
his original weight? Explain your answer.
(4 marks)

<code=10116798>
The price of a handbag first increased by 35% and then increased by a further 20%. The final price
is $4 050. Find the original price of the handbag.
(3 marks)
<code=10116827>
The length and width of a rectangle are 9 cm and 7 cm respectively. If the length increases by 16%
while the width decreases by 12%, find the percentage change in the perimeter of the rectangle.
(6 marks)

<code=10116882>
Last month, Mr Lee’s car consumed 76 L of petrol and the charge per L of petrol was $17. This
month, his car consumes 30% less petrol, but the petrol charge increases by 10% as compared to
last month.
(a) Find the petrol consumption and the charge per L of petrol this month.
(b) Find the percentage change in the monthly petrol charge paid by Mr Lee over these two
months.
(8 marks)
<code=10116901>
<bk=3A><ch=3><ex=3F><type=L1><mark=2><title=10116901><content>
The rateable value of a flat is $540 000. If the rates percentage charge is 5%, find the rates payable
in a quarter of a year.
(2 marks)

<code=10116980>
Mr Ma pays $194 000 for the annual rates on his property. If the rates percentage charge is 5%,
find the rateable value of the property.
(3 marks)
<code=10116994>
The salaries tax rates are as shown in the following table:
Net chargeable income Rate

On the first $40 000 2%
On the next $40 000 7%
On the next $40 000 12%
Remainder 17%
The net chargeable incomes of Billy and Candy are $50 000 and $25 000 respectively. Is Billy’s
salaries tax payable twice Candy’s? Explain your answer.
(7 marks)

<code=10117022>

On the next $45 000 12%
Remainder 17%
The annual income of Tony is $280 000. If he has a total allowance of $132 000, find his salaries
tax payable.
(5 marks)
<code=10117029>
$85 000 is deposited in a bank at an interest rate of 5% p.a. Find the simple interest received after
2.5 years.
(2 marks)

<code=10117117>
Miss Cheng deposits $50 000 in a bank at an interest rate of 3% p.a. Find the time required to
receive simple interest of $4 500.
(3 marks)
<code=10117122>
Mr Lee borrows a sum of money from a bank at a simple interest rate of 3.5% p.a. to buy some
new machines. If he has to pay interest of $10 500 after 2 years, find the sum of money he borrows
from the bank.
(3 marks)
<code=10117280>
Fanny deposits $80 000 in a bank at a simple interest rate of 2% p.a. Find the amount received
after 2 years.
(2 marks)

<code=10117388>
A sum of money is deposited in a bank at a simple interest rate of 4% p.a. What is the principal if
the amount received after 3 years is $67 200?
(3 marks)
<code=10117389>
$5 000 is deposited in a bank at an interest rate of 4% p.a. for 8 years. Find the interest received in
each of the following situations.
(a) Simple interest is calculated.
(b) The interest is compounded half-yearly.
(Give the answers correct to the nearest dollar if necessary.)
(6 marks)

<code=10117408>
Miss Chan deposits $P in a bank at an interest rate of 6% p.a. and the interest is compounded half-
yearly. If the amount received after 2 years is $16 883, find the value of P.
(Give the answer correct to 3 significant figures.)
(5 marks)
<code=10117413>
Mr Lee deposits $25 000 in a bank at an interest rate of 5% p.a. compounded yearly. One year
later, the interest rate is reduced to 4% p.a. compounded yearly. What will be the amount received
at the end of the third year?
(4 marks)

<code=10117415>
The number of visitors of a zoo increases by 7% every year. If the number of visitors is 150 000
this year, what will be the number of visitors after 3 years?
(Give the answer correct to the nearest 1 000.)
(2 marks)
<code=10117448>
The income of Polly’s company in this year is $2 000 000. Owing to the economic downturn,
Polly estimates that the turnover will only increase at a rate of 2% steadily per year in the coming
years. Based on Polly’s estimation, what will be the turnover of the company after 5 years?
(Give the answer correct to the nearest $10 000.)
(2 marks)
<code=10117471>
The original area of the Sunrise Park is 1 260 000 m2. If the area of the park increases at a constant
rate of 15% per year, what will be the area of the park after 4 years?
(Give the answer correct to the nearest 1 000 m2.)
(2 marks)

<code=10117480>
Alice bought a diamond for $60 000 at the beginning of 2008. Its value has increased steadily at a
rate of 7% per year for the next 10 years. Find the value of the diamond at the beginning of 2017.
(3 marks)
<code=10117628>
The present price of a can of pork is $17.9. If the price decreases steadily by 9% per week, what
will the price of the can of pork be after 4 weeks?
(Give the answer correct to the nearest $0.1.)
(2 marks)
<code=10117724>
The value of a digital camcorder depreciates by 25% per year. If its present value is $9 000, find
the value of the digital camcorder 2 years ago.
(3 marks)

<code=10117761>
The weight of Shirley in the beginning of the school term was 60 kg. Her weight decreased by
10% in the middle of the term and then increased by 5% at the end of the term.
(a) What was Shirley’s weight at the end of the term?
(b) What was the percentage change in her weight over the school term?
(4 marks)
<code=10117823>
5 years ago, Mr Wong’s monthly salary was $15 000. Within the past 5 years, his monthly salary
increased steadily at a rate of 8% per year in the first 3 years due to his good performance.
However, his monthly salary decreased steadily at a rate of 10% per year in the next 2 years.
(a) What is Mr Wong’s present monthly salary?
(b) Has Mr Wong’s monthly salary increased or decreased over these 5 years?
(4 marks)

<code=10117838>
In a 10 km race, the speed of an athlete increases steadily by 5% every 5 minutes during the first
20 minutes, and then increases steadily by 3% every 5 minutes during the next 10 minutes. If the
original speed of the athlete is 15 km/h, find his speed just after the first 30 minutes, correct to the
nearest km/h.
(4 marks)
<code=10117867>
The price of a pair of jeans is first decreased by 30% and then decreased by 5%. The price
becomes $532. Find the original price of the pair of jeans.
(3 marks)

<code=10117879>
Last year, there were 720 students in a school, 500 of them were boys and the rest were girls. This
year, the number of boys is increased by 30% and the number of girls is decreased by 15%. Find
the percentage change in the number of students in that school.
(6 marks)
<code=10117894>
Johnny sent 50 SMS messages last month and the charge for each SMS message sent was $0.5. In
this month, the number of SMS messages sent by Johnny is reduced by 30% and the charge for
each SMS message sent is increased by 20%.
(a) Find the total charge for sending SMS messages this month.
(b) Find the percentage change in the monthly charge of sending SMS messages over these two
months.
(6 marks)

<code=10117939>
In the figure, the upper base, lower base and height of a trapezium are 12 cm, 20 cm and 10 cm
respectively.
(a) Find the area of the trapezium.

(b) If each of the two bases is increased by 20% and the height of the trapezium is decreased by
10%, find
(i) the new area,
(ii) the percentage change in the area
of the trapezium.
(7 marks)

<code=10118085>
The rateable value of a flat of Mr Lee is $2 500 000. If the rates percentage charge is 5%, find the
rates payable on the flat for a quarter of a year.
(2 marks)
<code=10118102>
Miss Lam has to pay $21 875 for the quarterly rates on her flat. If the rates percentage charge is
5%, find the rateable value of her flat.
(3 marks)
<code=10118147>

On the next $40 000 12%
Remainder 17%
Mr Chan has a net chargeable income of $234 000. Find his salaries tax payable.
(4 marks)

Level 1: New Century Mathematics (Second Edition) S3 Question Bank 3A Chapter 3 Percentages (II)

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Level 1: New Century Mathematics (Second Edition) S3 Question Bank 3A Chapter 3 Percentages (II)

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New Century Mathematics (Second Edition)

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.1

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.2

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.3

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.4

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.5

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.6

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.7

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.9

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.10

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.11

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.12

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.13

Net chargeable income Rate

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.14

Net chargeable income Rate

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.15

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.16

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.17

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.18

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.19

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.20

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.21

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.22

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.23

(a) Find the area of the trapezium.

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.24

Net chargeable income Rate

© OXFORD UNIVERSITY PRESS 2017 3A Chapter 3 Level 1 P.25

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