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Everyday Money Maths
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Everyday Money Maths
📚 Part 1: Quick Calculations & Multiple Choice
1. Currency conversion: If 1 NZD = 0.65 USD, how much is $120 NZD in USD?
$78 USD
$65 USD
$52 USD
$180 USD
2. GST: What is 15% GST on $432?
$64.20
$64.80
$65.00
$72.00
3. Discount: A jacket is $250 with 20% off. What is the sale price?
$200
$210
$175
$240
4. Profit or loss: Bought for $90, sold for $75. Choose the correct result.
Profit of $15
Loss of $15
Profit of $165
Loss of $165
✏️ Part 2: Short Answers & Problem Solving
5. Simple interest: You save $1,200 at 2% simple interest per year. How much interest is earned after 3 years? Show working.
6. Reverse currency conversion: You have $80 USD. Using 1 NZD = 0.65 USD, how many NZD is that? (Give your answer to the nearest cent.)
7. Budget check: A student group has $600. Costs are: transport $180, venue $220, snacks $75. GST (15%) applies only to the venue. Do they have enough money? Show calculations and state surplus or shortfall.
8. Rounding: Round $64.80 for cash payments (nearest dollar) and for card payments (nearest cent).
9. Tick all true statements:
GST in New Zealand is 15%.
A 20% discount always reduces the price by $20.
Simple interest depends on principal, rate and time.
To convert NZD to USD you multiply NZD by the NZD→USD exchange rate.
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