Grade 6 - Mathematics 8.32 Percentages Review Test

Q 1: A person borrowed $500 at the rate of 3 cents per month per dollar and repaid the amount after 6 months. How much did he repay? $500 $590 $410 $545

Q 2: A bicycle costs 950 dollars. Its value decreases 5% every year due to usage. What will be its price after a year ? 902.5 dollars 902 dollars 900 dollars