Quiz
Banking and Finance
Questions in this quiz (5)
1A bank customer earns £23,500 per year, and has £10,000 saved up for a deposit on new flat Sean has seen a flat for sale for £55,000.
The customer received a letter from his bank about taking out a mortgage.
Can the customer buy the flat under the banks conditions?
- AYes , the customer can buy the flat
- BNo, the customer will not be able to purchase the flat
2A bank customer earns £23,500 per year, and has £10,000 saved up for a deposit on new flat Sean has seen a flat for sale for £55,000.
The customer received a letter from his bank about taking out a mortgage.
The customer decides to talk to another bank who will lend 2.5 times the customer salary, providing the customer pays 15% of the value of the property as a deposit.
Will the customer be able to afford the flat?
- AYes, the customer will be able to afford the mortgage.
- BNo, the customer can't afford the mortgage.
3An employee earns £16,000 a year, how much tax will the employee have to pay?
- A8000
- B1705
- C3410
4Just before the employee starts work, the rules for paying change income tax change (see tutor)
How much less income tax will the employee have to pay each year?
- A50.00
- B100.00
- C126.00
- D150.00
5A customer takes out a loan to buy a car for £6750. The customer wants to pay it back in full, including the interest, in 12 equal monthly instalments.
How much will the customer have to pay each month, to the nearest penny?- A£646.87
- B£646.88
- C£650.00
Information
- Description
- Working with financial information and percentages
- Author
- Stanley Cox
- Language
- English
- Views
- 203
- Tags
- Rating
- 3.5 out of 5 · 2 ratings Rate this quiz