IGCSE · Mathematics 0580 · Number

Money: IGCSE Mathematics questions with answers

Free Money questions for IGCSE Mathematics (0580), part of Number. Each question has the answer and the marking points an examiner would look for.

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Money practice questions

Question 1Structured · 4 marks
(a)

The exchange rate is $1 = €0.937. Change $430 into euros.

[2]
(b)

$2000 is invested at 3.5% per year simple interest. Calculate the total interest after 2 years.

[2]
Show answers and mark scheme
PartAnswer and marking pointsMarks
(a)€402.91
430 × 0.937 M1
402.91 A1
2
(b)$140.00
2000 × 3.5 × 2 ÷ 100 M1
140.00 A1
2
Question 2Structured · 5 marks

Maria invests $5000 for 3 years.

(a)

Calculate the simple interest at 2.5% per year.

[2]
(b)

Calculate the compound interest at 2.5% per year.

[3]
Show answers and mark scheme
PartAnswer and marking pointsMarks
(a)$375.00
5000 × 2.5 × 3 ÷ 100 M1
375.00 A1
2
(b)$384.45
5000 × 1.0253 M2
384.45 A1
3
Question 3Structured · 3 marks

A small jar of coffee costs $2.43 for 500 g. A large jar costs $3.97 for 1000 g. Which jar is better value? Show your working.

[3]
Show answers and mark scheme
PartAnswer and marking pointsMarks
large jar
price per 100 g (or grams per $) for one jar M1
both values correct A1
large jar is better value A1
3
Question 4Structured · 3 marks

The exchange rate is 1 euro (€) = 1.18 dollars ($).

(a)

Change €400 into dollars.

[1]
(b)

Change 566.40 dollars into euros.

[2]
Show answers and mark scheme
PartAnswer and marking pointsMarks
(a)472.00
472.00 B1
1
(b)€480.00
÷ 1.18 M1
480.00 A1
2
Question 5Structured · 4 marks
(a)

The exchange rate is $1 = €0.848. Change $350 into euros.

[2]
(b)

$4800 is invested at 4.4% per year simple interest. Calculate the total interest after 3 years.

[2]
Show answers and mark scheme
PartAnswer and marking pointsMarks
(a)€296.80
350 × 0.848 M1
296.80 A1
2
(b)$633.60
4800 × 4.4 × 3 ÷ 100 M1
633.60 A1
2
Question 6Structured · 5 marks

Maria invests $2000 for 5 years.

(a)

Calculate the simple interest at 3% per year.

[2]
(b)

Calculate the compound interest at 3% per year.

[3]
Show answers and mark scheme
PartAnswer and marking pointsMarks
(a)$300.00
2000 × 3 × 5 ÷ 100 M1
300.00 A1
2
(b)$318.55
2000 × 1.035 M2
318.55 A1
3

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Original Cambridge-style practice questions written for mentorriyaz.in. These are not Cambridge past paper questions, and this site is not affiliated with or endorsed by Cambridge University Press & Assessment. Updated 2026-11-04. Paper generator · mentorriyaz.in