Inflation (Grade 11 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is inflation?
What is inflation?
General increase in prices over time
How does inflation affect your buying power?
How does inflation affect your buying power?
You can buy less with same money
A chicken costs R29.50. With 5% inflation, what is the new price?
A chicken costs R29.50. With 5% inflation, what is the new price?
R30.98
Why is inflation calculation called a compound calculation?
Why is inflation calculation called a compound calculation?
Each year uses previous inflated price
What formula calculates percentage change?
What formula calculates percentage change?
(New Price Old) Old 100
Food basket cost R782.02 in Jan and R833.14 in Feb. Which food item increased most?
Food basket cost R782.02 in Jan and R833.14 in Feb. Which food item increased most?
Salt by 60.1%
Car costs R80,000. After 5.5% then 8.2% inflation, what is the final price?
Car costs R80,000. After 5.5% then 8.2% inflation, what is the final price?
R91,320.80
A basket cost R160 in Jan and R175 in Aug. What was the inflation rate?
A basket cost R160 in Jan and R175 in Aug. What was the inflation rate?
9.4%
Which formula calculates new price after inflation?
Which formula calculates new price after inflation?
Original (1 Rate/100)
In the food basket, which item showed a price decrease?
In the food basket, which item showed a price decrease?
Potatoes decreased 27.0%