Study WAEC questions on Arithmetic of Finance (+PDF)

These WAEC questions on Arithmetic of Finance are all from its sub-topics in the WAEC MATH SYLLABUS.

We have also covered each Arithmetic of Finance sub-topic with detailed explanation in our WAEC Math lesson online.

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WAEC Arithmetic of Finance questions

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1. What sum of money will amount to D10,400.00 in 5 years at 6% simple interest?

A. D8,000.00
B. D10,000.00
C. D12,000.00
D. D16,000.00

2. At what rate per cent per annum will ₦520.00 yield a simple 

A. 4%
B. 3½ %
C. 3%
D. 2½ %

3. Find the value to which ₦3,000.00 will amount in 5 years at 6% per annum simple interest.  

A. ₦3,900.00
B. ₦3,750.00
C. ₦3,600.00
D. ₦3,300.00

4. If the simple interest on a certain amount of money saved in a bank for 5 years at 2½% per annum is ₦500.00, calculate the total amount due after 6 years at the same rate. 

A. ₦2500.00
B. ₦2600.00
C. ₦4500.00
D. ₦4600.00

5.  A trader bought an engine for $15,000.00 outside Nigeria. If the exchange rate is $0.075 to ₦1.00, how much did the engine cost in naira?

A. ₦250,000.00
B. ₦200,000.00
C. ₦150,000.00
D. ₦100,000.00

6. A trader bought 100 oranges at 5 for ₦40.00 and 60 sold them at 20 for ₦120.00. Find the profit or loss percent.

A. 20% profit
B. 20% loss
C. 25% profit
D. 25% loss

7. A trader bought 100 tubers of yam at 5 for ₦350.00. She sold them in sets of 4 for ₦290.00. Find her gain per cent.

A. 3.6%
B. 3.5%
C. 3.4%
D. 2.5%

8. The area of a square field is 110.25m². Find the cost of fencing it round at ₦75.00 per metre.

A. ₦1,575.00 
B. ₦3,150.00
C. ₦4,734.30
D. ₦8,268.75

9. A messenger was paid ₦2.50 an hour during the normal working hours and ₦4.00 an hour during overtime. If he received ₦31.00 for 10 hours work, how many hours are for overtime?

A. 2
B. 3
C. 4
D. 6

10. If the simple interest on ₦2,000 after 9 months is ₦60, at what rate per annum is the interest charged?

A. 2%
B. 4%
C. 5%
D. 6%

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