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Test: Money - Year 3 MCQ


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10 Questions MCQ Test Year 3 Mathematics - Test: Money

Test: Money for Year 3 2024 is part of Year 3 Mathematics preparation. The Test: Money questions and answers have been prepared according to the Year 3 exam syllabus.The Test: Money MCQs are made for Year 3 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Money below.
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Test: Money - Question 1

Which of the following is an example of a financial decision?

Detailed Solution for Test: Money - Question 1

Financial decisions involve choices about how to manage money wisely, such as saving, spending, or investing.

Test: Money - Question 2

If you buy a toy for $15 and pay with a $20 bill, how much change will you receive?

Detailed Solution for Test: Money - Question 2

You paid $20 and the toy cost $15, so the change is $20 - $15 = $5.

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Test: Money - Question 3

A pear costs 5p more than an apple. An apple is 20p. How much are four pears?

Detailed Solution for Test: Money - Question 3
If a pear costs 5p more than an apple then one pear costs 25p. 25p x 4 = £1
Test: Money - Question 4

Parveen is saving to buy a bag for £4.50. She saves 90p per week. How many weeks does she save to buy the bag? Which number sentence is correct?

Detailed Solution for Test: Money - Question 4

Parveen would save for 5 weeks

Test: Money - Question 5
Jake buys a pie for 90p and chips for 75p. He has £2. How much change did he get?
Detailed Solution for Test: Money - Question 5
To calculate 90p + 75p = £1.65 so £2 - £1.65 = 35p
Test: Money - Question 6
Mum bought 3 tins of paint for 60p each. How much change did she have from £5?
Detailed Solution for Test: Money - Question 6
3 x 60p = £1.80 £5 - £1.80 = £3.20
Test: Money - Question 7

A toy costs £8.50. If Jane has £20, how much change will she receive after buying the toy?

Detailed Solution for Test: Money - Question 7

Jane has £20 and spends £8.50, so the change she receives is £20 - £8.50 = £11.50.

Test: Money - Question 8

If a book costs £4.25 and a pen costs £1.80, how much would it cost to buy both?

Detailed Solution for Test: Money - Question 8

To find the total cost, add the prices of the book and the pen: £4.25 + £1.80 = £6.05.

Test: Money - Question 9

There are 24 children in a class. If each child brings in £1.50 for a charity event, how much money do they raise altogether?

Detailed Solution for Test: Money - Question 9

Multiply the number of children by the amount each child brings: 24 * £1.50 = £36.00.

Test: Money - Question 10

Which financial decision involves determining the best mix of debt and equity to finance operations?

Detailed Solution for Test: Money - Question 10

Financing decisions involve determining the optimal capital structure by balancing debt and equity.

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