Q1) Kyra invests £4000 in bonds for 13 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)£6878.49 b)£10878.49]

Q1) Julie buys a racing bicycle for £1100 and is kept for 6 years. It depreciates at rate of 7% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£388.31 b)£711.69]

Q1) Lumaya invests £2006 in a bank. After 8 years it is worth £5332.84. What is the compound interest rate? [ 13%]

Q2) Brady invests £8000 in bonds for 2 years at a compound interest rate of 14%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2396.8 b)£10396.80]

Q2) Sam buys a minibus for £563 and is kept for 13 years. It depreciates at rate of 11% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£439.24 b)£123.76]

Q2) Harley invests £4938 in a bank. After 7 years it is worth £6948.26. What is the compound interest rate? [ 5%]

Q3) Luke invests £10000 in bonds for 6 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)£2653.19 b)£12653.19]

Q3) Teagan buys a van for £8861 and is kept for 15 years. It depreciates at rate of 11% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£7318.12 b)£1542.88]

Q3) Steven invests £7640 in a bank. After 6 years it is worth £15080.01. What is the compound interest rate? [ 12%]

Q4) Alex invests £5000 in bonds for 4 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)£2057.91 b)£7057.91]

Q4) Alfie buys a van for £2353 and is kept for 10 years. It depreciates at rate of 5% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£944.17 b)£1408.83]

Q4) Sabrina invests £4840 in a bank. After 3 years it is worth £6442.04. What is the compound interest rate? [ 10%]

Q5) Logun invests £7000 in bonds for 4 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)£284.23 b)£7284.23]

Q5) Alfie buys a racing bicycle for £991 and is kept for 14 years. It depreciates at rate of 7% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£632.21 b)£358.79]

Q5) Harley invests £9434 in a bank. After 5 years it is worth £12624.82. What is the compound interest rate? [ 6%]

Q6) Monique invests £3000 in bonds for 13 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)£414.28 b)£3414.28]

Q6) Luke buys a van for £9206 and is kept for 13 years. It depreciates at rate of 15% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£8092.94 b)£1113.06]

Q6) Sharney invests £3437 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £3647.37? [ 3 years]

Q7) Kyra invests £8000 in bonds for 15 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11172.47 b)£19172.47]

Q7) Joseph buys a van for £2085 and is kept for 7 years. It depreciates at rate of 5% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£628.97 b)£1456.03]

Q7) Sam invests £3576 in a bank. After 7 years it is worth £8412.92. What is the compound interest rate? [ 13%]

Q8) Nathan invests £9000 in bonds for 6 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)£2387.87 b)£11387.87]

Q8) Jenson buys a van for £6437 and is kept for 8 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)£3133.41 b)£3303.59]

Q8) Steven invests £6510 in a bank. After 5 years it is worth £12534.45. What is the compound interest rate? [ 14%]

Q9) Kyra invests £900 in bonds for 15 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1256.9 b)£2156.90]

Q9) Jenson buys a motorbike for £9850 and is kept for 3 years. It depreciates at rate of 7% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£1927.08 b)£7922.92]

Q9) Jenson invests £8216 in a bank. After 8 years it is worth £13095.06. What is the compound interest rate? [ 6%]

Q10) Jonathan invests £7000 in bonds for 11 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)£12971.82 b)£19971.82]

Q10) Joseph buys a car for £5816 and is kept for 3 years. It depreciates at rate of 12% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£1852.56 b)£3963.44]

Q10) Kyra invests £815 in a bank. After 6 years it is worth £1443.82. What is the compound interest rate? [ 10%]