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MONEY & FINANCE · LESSON 12

Money & Finance Final Checkpoint

Bring together the complete topic in one exam-style assessment.

⏱️ 35–45 min 📘 Checkpoint 💼 Real-life examples included

🎉 Money & Finance Final Checkpoint

This checkpoint brings together the complete topic. Work without opening previous notes, then check your reasoning carefully.

Confidence Checklist

Section A: Foundation

  1. A budget has income US$420 and expenses US$368. Find the balance.
  2. Decrease US$600 by 18%.
  3. An item costs US$80 and sells for US$104. Find profit percentage.
  4. Find net pay if gross pay is US$720 and deductions are US$86.
  5. Find simple interest on US$500 at 7% for 4 years.

Section B: Developing

  1. A US$450 item receives 20% discount, then 15% VAT. Find final price.
  2. A salesperson earns US$300 basic plus 4.5% commission on US$8,000 sales. Find gross pay.
  3. Find the compound amount on US$2,400 at 8% for 3 years.
  4. Cash price US$950; deposit US$190; 24 instalments of US$38. Find total HP cost and extra percentage.
  5. At US$1=R18.25, convert R10,950 to US dollars.

Section C: Exam Style

  1. After a 12% discount and 15% VAT, an appliance costs US$404.80. Find the original marked price.
  2. A worker earns US$5.80 per hour for 40 hours, time-and-a-half for 10 hours and double time for 4 hours. Find gross pay.
  3. An investment grows to US$3,993 after 3 years at 10% compound interest. Find the principal.
  4. A bank statement opens at US$1,240, receives US$460 and has debits of US$385.50, US$210.75, US$96 and US$12.25. Find closing balance.

✅ Check Your Work

Show checkpoint answers
  1. US$52 surplus.
  2. US$492.
  3. 30%.
  4. US$634.
  5. US$140.
  6. 450×0.80×1.15 = US$414.
  7. 300+0.045×8000 = US$660.
  8. 2400(1.08)³≈US$3,023.31.
  9. Total=190+24×38=US$1,102.
    Extra=152.
    Extra percentage=16%.
  10. US$600.
  11. Original=404.80÷(0.88×1.15)=US$400.
  12. Normal=40×5.80=232.
    Time-and-a-half=10×8.70=87.
    Double time=4×11.60=46.40.
    Gross=US$365.40.
  13. Principal=3993÷1.1³=US$3,000.
  14. 1240+460−385.50−210.75−96−12.25 = US$995.50.

Celebration Message

You can now use mathematics to understand prices, earnings, interest, instalments, exchange rates and financial records. These are examination skills and lifelong decision-making skills.

Revision Guidance and Readiness