Q1) Jonathan invests £4000 in bonds for 10 years at a compound interest rate of 9%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£5469.45 b)£9469.45]

Q1) Jaden buys a racing bicycle for £9024 and is kept for 8 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)£5139.46 b)£3884.54]

Q1) Teagan invests £3525 in bonds at 9% compound interest per annum. After how many years will the bonds be worth £5911.78? [ 6 years]

Q2) Eva invests £300 in bonds for 5 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£183.15 b)£483.15]

Q2) Prabjot buys a motorbike for £1054 and is kept for 15 years. It depreciates at rate of 6% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£637.36 b)£416.64]

Q2) Monique invests £4391 in bonds at 14% compound interest per annum. After how many years will the bonds be worth £8454.50? [ 5 years]

Q3) Prabjot invests £7000 in bonds for 12 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£23341.66 b)£30341.66]

Q3) Jaden buys a car for £66 and is kept for 8 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£32.13 b)£33.87]

Q3) Jonathan invests £1047 in bonds at 5% compound interest per annum. After how many years will the bonds be worth £1154.32? [ 2 years]

Q4) Jaden invests £2000 in bonds for 8 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)£533.54 b)£2533.54]

Q4) Alex buys a racing bicycle for £5757 and is kept for 7 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)£1736.67 b)£4020.33]

Q4) Luke invests £5383 in a bank. After 4 years it is worth £7598.54. What is the compound interest rate? [ 9%]

Q5) Alfie invests £2000 in bonds for 9 years at a compound interest rate of 4%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£846.62 b)£2846.62]

Q5) Logun buys a motorbike for £3911 and is kept for 5 years. It depreciates at rate of 8% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£1333.33 b)£2577.67]

Q5) Alfie invests £9081 in bonds at 15% compound interest per annum. After how many years will the bonds be worth £27778.99? [ 8 years]

Q6) Sabrina invests £3000 in bonds for 6 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2921.47 b)£5921.47]

Q6) Joseph buys a racing bicycle for £5559 and is kept for 6 years. It depreciates at rate of 2% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£634.6 b)£4924.40]

Q6) Kyra invests £8319 in a bank. After 3 years it is worth £12003.46. What is the compound interest rate? [ 13%]

Q7) Sabrina invests £4000 in bonds for 15 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£17894.26 b)£21894.26]

Q7) Hassan buys a racing bicycle for £2558 and is kept for 6 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)£677.63 b)£1880.37]

Q7) Steven invests £8651 in a bank. After 7 years it is worth £16858.35. What is the compound interest rate? [ 10%]

Q8) Hassan invests £5000 in bonds for 14 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£747.37 b)£5747.37]

Q8) 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]

Q8) Teagan invests £7914 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £8566.37? [ 4 years]

Q9) McKenzie invests £5000 in bonds for 10 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)£3144.47 b)£8144.47]

Q9) Sam buys a van for £289 and is kept for 2 years. It depreciates at rate of 6% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£33.64 b)£255.36]

Q9) Jennine invests £2144 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £2462.78? [ 7 years]

Q10) Eva invests £8000 in bonds for 7 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)£3256.8 b)£11256.80]

Q10) 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]

Q10) Harley invests £5500 in a bank. After 5 years it is worth £8081.30. What is the compound interest rate? [ 8%]