Ch.

02 Percentages GHS Past Paper Question Bank – Solution Page 1 of 10

Percentage
Solution / Answer of Conventional Questions
1. [14-15 S4 Mid-Year Exam, 2]
(a) His annual income this year
= 120000  1  10%
2

= ($)145200
(b) The total amount
2
 4% 
30000  (1  5%)  40000  1  
 2 
= ($) 73116

2. [14-15 Mid-year exam,4 ]

(a)
Alice’s annual salary
 $180,000  (1  5%)  (1  10%)
 $207,900
(bi)
Interest from plan A
 5000  5%  5
 ($)1250

(bii)
Interest from plan B
 5000  1  4.5%5  $5000
 ($)1231

3. [14-15 Mid-year exam,5]

(a)
No. of employers
 100  1  25%8  1  10%2
 483

(b)
Percentage change
483  100
  100%
100
 383%
 100%
Yes, I agree. Rose’s claim is correct.

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 2 of 10

4. [14-15 Mid-year exam,10]

54
 r% 
50,000  1    60,000
 4 
r%
1  1.009157756
4
r %  0.0366
r  3.66

5. [14-15 Mid-year exam,11]

Let 5k cm and 4k cm be the base and height

respectively.
Let x be the percentage change.
5k (1  20%)  4k (1  x)  (5k )( 4k )
0.8(1  x)  1
x  0.25
x  25%
The percentage change in the height
is +25%.
OR
Percentage change
20k 2
 4k
 4k 100%
4k
 25%
The percentage change in the height
is +25%.

6. [14-15 S.6 Mock Exam #5]

Amount = 60000  60000  4%  3  800  6
= $ 72000

7. [14-15 Final Exam #5]

(a) The value = 50001  4%3

 ($)4423.68

 50001  4%
(b) The loss = 5000 3

1  4%2
 ($)1000

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 3 of 10

8. [15-16 Mid-year Exam #3]

(a) The population  700001  3%2
 74263
(b) The total expenditure in 2016  $470  74263
 $34903610

The percentage change 34903610  70000  500

 100%
70000  500
 0.2754%

9. [15-16 Mid-year Exam #8]

(a) The net chargeable income
= $880000
= $(40000 + 40000 + 40000 + 760000)

The salaries tax payable

= $(800 + 2800 + 4800 + 760000 × 17%)
= $137600
(b) x  120000  120000  17%  800  2800  4800  x  15%
x  24000017%  8400  x 15%
x  17%  40800  8400  x  15%
x  2%  32400
x  1620000

10. [15-16 Mid-year Exam #11]

(a) Let $P be the principal.

  4%  4 
P  5%  2   P1    P   175.7
  2  
0.01756784P  175.7
P  10001
The principal is $10001.
(b) The decrease in simple interest  $P5%  4.1% 2
 $180
 $175.7
Miss Mak will receive more interest.

11. [15-16 S.4 Mid-year Exam #2]

The percentage change:
y(1  2%)(1  3%)  y
100%
y
1.0506 y  y
 100%
y
 5.06%

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 4 of 10

12. [15-16 S.4 Mid-year Exam #3]

The amount:
8
 4% 
20000  (1  2  6%)  35000  1  
 4 

 ($)60300
13. [15-16 Final Exam #3]
property tax = 6000(12)(80%)(15%)
= ($) 8640
14. [15-16 Final Exam #4]

Compound interest paid by Bank A

4% 10
= 10000(1  )  10000
2
= ($)2190, cor. to the nearest $1

Simple interest paid by Bank B

= 10000(5%)( 5)
= ($)2500

∴ John should deposit his money in bank B

15. [16-17 S.3 Mid-year Exam #10]

The monthly rental income
 25200 12  80% 15% 1A
 ($)17500 1A

16. [16-17 S.3 Mid-year Exam #12]

12. (a)Interest in Plan A:
$ 2500×5×4.5% 1A (amount also accepted)
=$ 562.5
Interest in Plan B:
$ 2500×(1+1%)20 - $2500 1A (amount also accepted)
≈$ 550.4751
= $550 (cor. to 3 sig. fig.)
She should choose plan A 1 f.t.
(b) Interest in Plan C:
$2612.5×(1+2.1%)8 - $2500 1M (all correct)
≈$585.0502
% change
585.0502  562.5
 100% 1M
562.5
≈4.01%
<5%
I don’t agree. 1 f.t.
Form 3 GHS Past Paper Question Bank – Solution
Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 5 of 10

17. [16-17 S.4 Mid-year Exam #3]

Total interested obtained

 10000  (1  2.5%)8 10000  10000  6%  4 1A+1A 1A either compound interest or
simple interest
+1A both correct
 ($)4584 1A
--------(3)

18. [16-17 S.3 Final Exam #1]

(a) The value of the computer two years later
 4096  (1  16%) 2
1A
 ($) 2890 or 2890.1376 1A
(b) The value of the computer two years ago
 4096  (1  16%) 2 1A
 ($) 5800 1A

19. [16-17 S.3 Final Exam #12]

0.04x + 0.06(120000 − x) > 6500 1M (either simple interest
formula) +
0.04x + 7200 − 0.06x > 6500 1A (all correct)
−0.02x > −700
x < 35000 1A

20. [17-18 S.3 Mid-year Exam #10]

(a) The amount she owes the bank at the end of January in 2017.
12
= 50000  (1  %) 1A
12
= $50500 1A
(b) The amount she owes the bank at the end of February in 2017.
12 12
= (50500  10000)  (1  %) 1M for (ans. in(a) −10000) × (1  %)
12 12
= $ 40905 1A

(c) The amount she owes the bank at the beginning of June in 2017.
 
= (40905  10000)  (1  
12 12 12
%)  10000  (1  %)  10000  (1  %)  10000 1M
 12  12  12
 $ 1540
∴ Sherry cannot fully repay the whole sum of money at the beginning of June.
No, I disagree the claim. 1A f.t.

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 6 of 10

21. [17-18 S.4 Mid-year Exam #3]

The interest from plan A

12
 2% 
 500001    50000 1A
 4 

 $3083.9 1A

The interest from plan B

 500002.05%(3) 1A
= $3075
∵ $3083.9 > $3075
Mrs Chan should choose plan A. 1 f.t.
--------(4)
22. [17-18 S.4 Final Exam #4]
Mean salary  [15000  (1  10%)  15000  15000  (1  20%)]  3
 $16750 1A (Victoria) + 1A (Pauline)
1A

23. [18-19 S.3 S Test 1, #3]

The amount
 6900 (1  5%  6) 1A
 $8970 1A

24. [18-19 S.3 S Test 1, #5]

(a) The value of TV in 2014
 50000  (1  5%) 1A
 $52632 1A
The value of TV in 2017
 50000  (1  5%)2
 $45125 1A

(b) 45125  (1  a%)2  0.7  45125 1M

a  16.3 1A

25. [18-19 S.3 S Test 1, #6]

Her original saving
 20000  (1  30%  50%) 1A
 4000
% Change
20000  (1  6%)  20000  80%  (1  4%)  4000
 100% 1M
4000
= 14% 1A
Form 3 GHS Past Paper Question Bank – Solution
Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 7 of 10

26. [18-19 S.3 S Test 1, #7]

(a) the rates
 1120000  5%  4 1A
 $14000 1A

(b) the amount after half year

6% 6%
= [850000(1  )  14000](1  )  14000 1M
4 4
 $847481
 $847000
I agree. 1f.t.

27. [18-19 S.3 Mid-year Exam #3]

The percentage change of its volume
1M: %change formula
1A:
1A

28. [18-19 S.3 Mid-year Exam #8]

(a) The simple interests in the first year
= 10000(5%)(1) 1M
= ($) 500 1A

(b)(i) The compound interests in the first ten years

104
 4%  1A (Amount only)
= 200001    20000
 4 

 ($) 9777 1A

(b)(ii) The compound interests in the 10th year

104 94
 4%   4% 
= 200001    200001  
 4   4 
 ($) 1162 1A

29. [18-19 S.3 Mid-year Exam #10]

Let $y be her net chargeable income.
40000(2%) = ($) 800
40000(2% + 7%) = ($) 3600
As Kitty’s salaries tax paid is between $800 and $3600,
40000(2%) + (y – 40000)(7%) = 2900 1A
y = 70000 1A
Her net chargeable income is $70000
Her salaries tax payable

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 8 of 10

= 50000(2%) + 20000(6%) 1A
= ($) 2200

30. [18-19 S3 Final Exam #6]

(a) The amount
 20000  20000  4.5%  2 1A
 $21800 1A
(b) 41 1A for compound
 24% 
P 1    P  17061
 4  interest amount
 
P 1.06 4  1  17061  24% 
P1 
41

P  65000  4 
1A
31. [18-19 S.3 S Test 1, #3]
The amount
 6900 (1  5%  6) 1A
 $8970 1A

32. [18-19 S.3 S Test 1, #5]

(c) The value of TV in 2014
 50000  (1  5%) 1A
 $52632 1A
The value of TV in 2017
 50000  (1  5%)2
 $45125 1A

(d) 45125  (1  a%)2  0.7  45125 1M

a  16.3 1A

33. [18-19 S.3 S Test 1, #6]

Her original saving
 20000  (1  30%  50%) 1A
 4000
% Change
20000  (1  6%)  20000  80%  (1  4%)  4000
 100% 1M
4000
= 14% 1A

34. [18-19 S.3 S Test 1, #7]

(c) the rates
 1120000  5%  4 1A
 $14000 1A

(d) the amount after half year

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 9 of 10

6% 6%
= [850000(1  )  14000](1  )  14000 1M
4 4
 $847481
 $847000
I agree. 1f.t.

35. [18-19 S.3 Mid-year Exam #3]

The percentage change of its volume
1M: %change formula
1A:
1A

36. [18-19 S.3 Mid-year Exam #8]

(a) The simple interests in the first year
= 10000(5%)(1) 1M
= ($) 500 1A

(b)(i) The compound interests in the first ten years

104
 4%  1A (Amount only)
= 200001    20000
 4 

 ($) 9777 1A

(b)(ii) The compound interests in the 10th year

104 94
 4%   4% 
= 200001    200001  
 4   4 
 ($) 1162 1A

37. [18-19 S.3 Mid-year Exam #10]

Let $y be her net chargeable income.
40000(2%) = ($) 800
40000(2% + 7%) = ($) 3600
As Kitty’s salaries tax paid is between $800 and $3600,
40000(2%) + (y – 40000)(7%) = 2900 1A
y = 70000 1A
Her net chargeable income is $70000
Her salaries tax payable
= 50000(2%) + 20000(6%)
= ($) 2200 1A

38. [18-19 S3 Final Exam #6]

(a) The amount

Form 3 GHS Past Paper Question Bank – Solution

Ch. 02 Percentages GHS Past Paper Question Bank – Solution Page 10 of 10

 20000  20000  4.5%  2 1A

 $21800 1A

Percentages
Answers of Multiple Choice Questions

1. B 24. C
2. B 25. B
3. C 26. C
4. A 27. A
5. D 28. C
6. A 29. B
7. C 30. C
8. C 31. C
9. D 32. D
10. C 33. C
11. B 34. A
12. B 35. C
13. C 36. B
14. C 37. B
15. B 38. C
16. D 39. A
17. C 40. C
18. B 41. B
19. B 42. A
20. B 43. A
21. B 44. B
22. B 45. C
23. D 46. C
47. B

Form 3 GHS Past Paper Question Bank – Solution