Business Studies Multiple Choice Question – 20 February 2018

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

Business Studies

A business pays annual interest of £812.50 on a bank loan of £15,500.

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

Select ONE answer only:

  1. 0.052
  2. 0.52
  3. 5.2
  4. 52
  5. 520

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 – £812.50 / £15,500 x 100 = 5.2%

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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