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Financial Literacy Test Worksheet

Money maths lesson 30: Final money test · Set 785 · 40 sums
TalentJR

The method (Read, plan, check): Name the type of question: count, change, bill, better buy, discount, budget, saving, interest, profit, passbook or safety. Use the method from that lesson and work step by step. Check: change is less than the money paid, a discount makes the price smaller, needs come before wants.

NameDateTime takenScore ___ / 40
  1. 1.For Nisha, is “school shoes” a need or a want? (a) Want (b) Need
  2. 2.Aditya’s class stall spends ₹505 to make 33 paper bookmarks and sells all of them at ₹15 each. Is it a profit or a loss? (a) No profit, no loss (b) Profit (c) Loss
  3. 3.₹400 earns 8% simple interest per year. In how many years will the interest be ₹32?
  4. 4.Ishaan makes 3 greeting cards an hour and sells each one for ₹25. How many rupees can Ishaan earn from 1 hour of work?
  5. 5.Arjun has 5 coins of ₹1. Karan has 9 notes of ₹50. Who has more money? (a) Karan (b) Arjun
  6. 6.Nisha has ₹620 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Nisha can buy?
  7. 7.Aarav gets ₹150 from a relative by bank transfer. In the passbook, is this a credit or a debit? (a) Credit (b) Debit
  8. 8.Shop A sells 2 geometry boxes for ₹290. Shop B sells 6 geometry boxes for ₹780. Which shop is cheaper for one geometry box? (a) Shop B (b) Shop A
  9. 9.Which is worth more: a ₹5 coin or a ₹2 coin? (a) 2-rupee coin (b) 5-rupee coin
  10. 10.A toy train costs ₹740. The shop gives 50% off. How many rupees is the discount?
  11. 11.A day trip costs ₹4800 in all. 8 friends share the cost equally. How much does each friend pay (in ₹)?
  12. 12.₹28 + ₹13 + ₹11 =
  13. 13.Rohan had ₹17. Rohan spent ₹10 on a biscuit packet. How many rupees are left?
  14. 14.Kavya buys an ice candy for ₹11 and a banana for ₹6, and pays ₹50. How much change does Kavya get (in ₹)?
  15. 15.Which is the smallest amount: ₹99, ₹90 or ₹71? (a) 99 rupees (b) 71 rupees (c) 90 rupees
  16. 16.A school bag costs ₹760. The shop gives 25% off. How many rupees is the discount?
  17. 17.Meera gets ₹90 a week, spends ₹25 each week and saves the rest. How many rupees has Meera saved after 6 weeks?
  18. 18.Farhan sees that ₹5000 was sent to a wrong number by mistake. What should Farhan do first? (a) Keep it a secret (b) Tell a parent at once (c) Pay again to fix it
  19. 19.Riya has 1 note of ₹200 and 2 notes of ₹50. How many rupees does Riya have?
  20. 20.Meera’s shop bill:
    1 badminton racket at ₹490
    2 water bottles at ₹215 each
    1 school bag at ₹540
    What is the total bill (in ₹)?
  21. 21.39 children go on a school trip to the science park. The bus costs ₹90 for each child and the ticket costs ₹15 for each child. What is the total cost (in ₹)?
  22. 22.Arjun’s class stall spends ₹220 to make 18 greeting cards and sells all of them at ₹10 each. What is the loss (in ₹)?
  23. 23.Priya keeps ₹1100 in a bank at 10% simple interest per year. How much money will there be after 3 years (in ₹)?
  24. 24.Which is worth more: a ₹2 coin or a ₹10 coin? (a) 2-rupee coin (b) 10-rupee coin
  25. 25.Dev is making a shopping list. Which of these is a need? (a) a new party dress (b) a warm blanket (c) a sticker album (d) a remote-control car
  26. 26.Sneha has ₹1100. In a piggy bank it stays ₹1100. In a bank at 3% simple interest per year, how many rupees more will Sneha have after 3 years?
  27. 27.A jigsaw puzzle costs ₹49. Aarav has ₹5 and ₹10. How many more rupees does Aarav need?
  28. 28.Rahul has 3 notes of ₹200 and 5 notes of ₹50. How many rupees does Rahul have?
  29. 29.Joseph is making a shopping list. Which of these is a need? (a) a remote-control car (b) a glitter pen set (c) sweets every day (d) a raincoat
  30. 30.Count up to find the change from ₹200: ₹17 + ₹? = ₹200
  31. 31.Gurpreet has 2 coins of ₹1 and 4 coins of ₹5. How many rupees does Gurpreet have?
  32. 32.₹200 earns 8% simple interest per year. In how many years will the interest be ₹32?
  33. 33.Rahul buys a plate of idli for ₹40 and pays with a ₹100 note. How much change does Rahul get (in ₹)?
  34. 34.₹94 − ₹82 =
  35. 35.Ananya has ₹360 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Ananya can buy?
  36. 36.A family plans ₹6000 for the month. 40% of it is for food. How many rupees is that?
  37. 37.₹2 + ₹100 + ₹? = ₹112
  38. 38.Priya buys 3 plates of idli at ₹40 each and pays with a ₹200 note. How much change does Priya get (in ₹)?
  39. 39.Aarav has 6 coins of ₹5. Manav has 6 coins of ₹2. How many more rupees does Aarav have?
  40. 40.Gurpreet gets ₹29 every day. How many rupees is that in one week (7 days)?

Answer key

  1. Need
  2. Loss
  3. 1
  4. 75
  5. Karan
  6. 31
  7. Credit
  8. Shop B
  9. 5-rupee coin
  10. 370
  11. 600
  12. 52
  13. 7
  14. 33
  15. 71 rupees
  16. 190
  17. 390
  18. Tell a parent at once
  19. 300
  20. 1460
  21. 4095
  22. 40
  23. 1430
  24. 10-rupee coin
  25. a warm blanket
  26. 99
  27. 34
  28. 850
  29. a raincoat
  30. 183
  31. 22
  32. 2
  33. 60
  34. 12
  35. 18
  36. 2400
  37. 10
  38. 80
  39. 18
  40. 203

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