Budgeting and Household Expenses (HSC SSCE Mathematics Standard): Quizzes

📚Quizzes
Car Purchase, Insurance, and Stamp Duty
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What percentage of value can a new car lose in the first year of ownership?

Up to 20%

By the fifth year, what percentage of original price has a car typically lost?

Over 65%

A car bought for 30,000 USD sells for 24,000 USD. What is the percentage decrease?

20%

A car needs 850 USD monthly for 4 years. What are the total repayments?

40,800 USD

Car: 35,000 USD. Finance: 4,000 USD deposit, 78,000 USD repayments. Interest paid?

47,000 USD

Which insurance type is compulsory in all Australian states and territories?

Green slip or CTP

What does Third Party Property insurance NOT cover?

Damage to your own vehicle

Premium quoted at 840 USD with 40% no-claim bonus. How much to pay?

504 USD

A car costs 16,450 USD. What is the stamp duty at 3 USD per 100 USD?

495 USD

What makes the total cost of finance always greater than the cash price?

Interest charges

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