Q1) Monique invests £200 in bonds for 4 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£72.1 b)£272.10]

Q1) Sharney buys a van for £7925 and is kept for 13 years. It depreciates at rate of 8% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£5244.34 b)£2680.66]

Q1) Sabrina invests £2354 in a bank. After 8 years it is worth £3751.92. What is the compound interest rate? [ 6%]

Q2) Jennine invests £2000 in bonds for 8 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£4118.05 b)£6118.05]

Q2) Alex buys a car for £3987 and is kept for 13 years. It depreciates at rate of 7% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£2434.88 b)£1552.12]

Q2) Julie invests £3181 in a bank. After 4 years it is worth £4327.72. What is the compound interest rate? [ 8%]

Q3) Monique invests £5000 in bonds for 15 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£8795.16 b)£13795.16]

Q3) McKenzie buys a minibus for £9015 and is kept for 10 years. It depreciates at rate of 14% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£7019.97 b)£1995.03]

Q3) Alfie invests £4819 in a bank. After 8 years it is worth £8279.94. What is the compound interest rate? [ 7%]

Q4) Alex invests £8000 in bonds for 2 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£323.2 b)£8323.20]

Q4) Sam buys a racing bicycle for £5871 and is kept for 5 years. It depreciates at rate of 10% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£2404.23 b)£3466.77]

Q4) Steven invests £8651 in a bank. After 7 years it is worth £16858.35. What is the compound interest rate? [ 10%]

Q5) Hassan invests £5000 in bonds for 4 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£627.54 b)£5627.54]

Q5) Alex buys a car for £7120 and is kept for 2 years. It depreciates at rate of 10% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£1352.8 b)£5767.20]

Q5) Teagan invests £3525 in bonds at 9% compound interest per annum. After how many years will the bonds be worth £5911.78? [ 6 years]

Q6) Anna invests £900 in bonds for 3 years at a compound interest rate of 11%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£330.87 b)£1230.87]

Q6) McKenzie buys a car for £64 and is kept for 7 years. It depreciates at rate of 6% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£22.5 b)£41.50]

Q6) Brady invests £763 in a bank. After 6 years it is worth £1674.76. What is the compound interest rate? [ 14%]

Q7) Hammid invests £9000 in bonds for 2 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2902.5 b)£11902.50]

Q7) McKenzie buys a racing bicycle for £7985 and is kept for 4 years. It depreciates at rate of 9% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£2509.29 b)£5475.71]

Q7) Hassan invests £1642 in a bank. After 3 years it is worth £2245.65. What is the compound interest rate? [ 11%]

Q8) Jonathan invests £6000 in bonds for 3 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£945.75 b)£6945.75]

Q8) Kyra buys a racing bicycle for £5861 and is kept for 5 years. It depreciates at rate of 5% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1325.87 b)£4535.13]

Q8) Hassan invests £6819 in a bank. After 3 years it is worth £7893.84. What is the compound interest rate? [ 5%]

Q9) Julie invests £5000 in bonds for 11 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£6658.19 b)£11658.19]

Q9) Hammid buys a minibus for £941 and is kept for 9 years. It depreciates at rate of 10% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£576.44 b)£364.56]

Q9) Teagan invests £7914 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £8566.37? [ 4 years]

Q10) Jennine invests £6000 in bonds for 10 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1313.97 b)£7313.97]

Q10) Anna buys a minibus for £528 and is kept for 10 years. It depreciates at rate of 13% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£396.83 b)£131.17]

Q10) Kyra invests £8319 in a bank. After 3 years it is worth £12003.46. What is the compound interest rate? [ 13%]