Business Studies Multiple Choice Question – 19 February 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A business pays annual interest of £412.50 on a bank loan of £5,500.

Which one of the following is the annual interest the business pays as a percentage of the amount borrowed?

Select ONE answer only:

  1. 0.075
  2. 0.75
  3. 7.5
  4. 75
  5. 750

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – £412.50 / £5,500 x 100 = 7.5%

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