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Solving Problems - Money 2 (Very Easy)

This 11 Plus Maths quiz introduces simple payment plans, showing how deposits and monthly instalments combine to make up the total cost.

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Fascinating Fact:

A phone is priced at £480. You pay a deposit of £120 and spread the rest over 12 months. Each payment is £30.

In 11 Plus Maths, pupils learn to handle everyday money problems. Calculating deposits, instalments, and total costs helps build real-life numeracy and financial awareness.

Key Terms

Deposit: A first payment made when buying something, often followed by smaller regular payments.
Instalment: One of several regular payments that together pay off the total cost of something.
Total Cost: The full amount paid after adding the deposit and all instalments together.

Learn more about what’s tested in the 11 Plus in our guide for parents.

Frequently Asked Questions (Click to see answers)

How do I work out the total cost of a payment plan?

Add the deposit to the total of all instalments. For example, £120 deposit plus 12 monthly payments of £30 equals £480 in total.

Why do people buy things using instalments?

Instalments allow people to spread payments over time instead of paying all at once, making larger purchases more affordable.

What maths skills help with money questions?

Understanding multiplication, division, and percentages helps you calculate costs, discounts, and repayments quickly and accurately.

Try These Related Quizzes

1 .

Max bought 4 books, each one costing £4.95. He paid with a £20 note so, how much change did Max get?

20 pence

40 pence

£1.20

£1.40

First find out how much the 4 books cost by multiplying 4.95 by 4: 4.95 x 4 = 19.8
Next, subtract 19.8 from 20 to find out how much change Max is owed: 20 – 19.8 = 0.2
Remember that, when dealing with money, decimals should be given to 2 decimal places: 0.2 = £0.20 or 20 pence

2 .

Amy, Brian and Carl did a 10-mile sponsored walk and, together, they earned £9. If each of them earned the same amount of money, how much did each one earn per mile?

90 pence

30 pence

£1.90

£1.30

First, find out how much each child earned by dividing the total amount of money (£9) by the number of children (3): 9 ÷ 3 = 3
Next, find out how much each child earned per mile by dividing the amount earned (£3) by the number of miles (10): 3 ÷ 10 = 0.3
Remember that, when dealing with money, decimals should be given to 2 decimal places: 0.3 = £0.30 or 30 pence

3 .

Rebecca’s grandpa decided to reward her for her exam results. He gave her £5 for every A she got, £2.50 for every B and £1 for every C. Rebecca got 3 As, 5 Bs and 3 Cs. How much did her grandpa give her?

£23

£27.50

£30.50

£37.50

For this problem we must use multiplication and addition. First work out how much she got for each grade:
As = 3 x 5 = 15
Bs = 5 x 2.5 = 12.5
Cs = 3 x 1 = 3
Next we have to add these three amounts together: 15 + 12.5 + 3 = 30.5
Remember that, when dealing with money, decimals should be given to 2 decimal places: 30.5 = £30.50

4 .

Ivan had £21.18 in his money box but his sister, Emma, took two 20 pence pieces and three 50 pence pieces. How much is left in Ivan’s money box?

£19.58

£19.48

£19.38

£19.28

First, we need to work out how much money Emma has taken (convert pence into pounds):
20p = 0.2 x 2 = 0.4
50p = 0.5 x 3 = 1.5
Next we add these amounts: 0.4 + 1.5 = 1.9
Finally, we subtract the amount Emma took (1.9) from Ivan’s initial amount (21.18):
21.18 – 1.9 = 19.28

5 .

Andrew won £1,934 on the lottery. Gail also won but she got £1,246 less than Andrew. How much did Gail win?

£688

£718

£698

£708

A simple subtraction will solve this one: 1,934 – 1,246 = 688

6 .

Alice is going on short break. She's rented a hotel room for two nights at £64.57 per night, and has two tickets for a show, each one costing £49.99. How much money has Alice spent altogether?

£286.40

£229.12

£171.84

£114.56

To solve this problem, work out the cost of each item:
Hotel = 64.57 x 2 = 129.14
Show = 49.99 x 2 = 99.98
Next we add these together: 129.14 + 99.98 = 229.12. Alice’s break has cost her £229.12

7 .

Theo and Ella have been collecting 1 pence pieces. Theo’s coins are worth £7.84, and Ella’s are worth £5.73. How many coins have they collected altogether?

£13.57

£6.78

1,357

678

The question asks ho many coins they have, not how much they are worth.
First, convert £7.84 and £5.73 into pence by multiplying by 100:
7.84 x 100 = 784
573 x 100 = 573
Now it’s just a question of adding the two amounts together: 573 + 784 = 1,357

8 .

Barry the football manager is paid depending on how his team performs. He gets £1,000 for every goal they score but loses £300 for each goal they let in. How much is Barry paid if his team wins 3-2?

£1,100

£1,500

£1,800

£2,400

Multiply the number of goals scored by 1,000 and the number of goals conceded (let in) by 300:
Scored = 3 x 1,000 = 3,000
Conceded = 2 x 300 = 600
Now we just subtract the 600 from 3,000 to find out how much Barry will be paid:
3,000 – 600 = 2,400

9 .

Maurice treated himself to 8 chocolate bars at 40p each and 2 drinks at 80p each. How much change did Maurice get if he paid with a £10 note?

20 pence

£4.20

£5.20

£6.20

First work out how much money Maurice has spent:
Chocolate = 0.4 x 8 = 3.2
Drinks = 0.8 x 2 = 1.6
Now we add these two amounts together: 3.2 + 1.6 = 4.8
Finally, we subtract the amount Maurice has spent from the £10 he paid with:
10 – 4.8 = 5.2
Remember that, when dealing with money, decimals should be given to 2 decimal places: 5.2 = £5.20

10 .

How many 2 pence coins are there in £352?

176,000

17,600

1,760

176

There are 50 2p coins in £1 because 100 ÷ 2 = 50
To work out how many 2p coins there are in £352 we multiply 352 by 50: 352 x 50 = 17,600

Author: Frank Evans (Specialist 11 Plus Teacher and Tutor)