Q1) Luke places £371 in a bank for 7 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£259.70 b)£630.70]

Q1) Alex invests £10000 in bonds for 6 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)£615.2 b)£10615.20]

Q1) Eva buys a racing bicycle for £6109 and is kept for 13 years. It depreciates at rate of 1% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£748.22 b)£5360.78]

Q2) Ariel places £192 in a bank for 4 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£30.72 b)£222.72]

Q2) Steven invests £3000 in bonds for 9 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)£2068.44 b)£5068.44]

Q2) Alfie buys a motorbike for £6482 and is kept for 2 years. It depreciates at rate of 15% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£1798.75 b)£4683.25]

Q3) Luke places £586 in a bank for 6 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£70.32 b)£656.32]

Q3) Eva invests £400 in bonds for 8 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)£68.66 b)£468.66]

Q3) Jaden buys a minibus for £8500 and is kept for 10 years. It depreciates at rate of 12% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£6132.74 b)£2367.26]

Q4) Nathan places £270 in a bank for 14 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£226.80 b)£496.80]

Q4) Jonathan invests £3000 in bonds for 13 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)£10090.48 b)£13090.48]

Q4) Eva buys a car for £1411 and is kept for 4 years. It depreciates at rate of 13% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£602.64 b)£808.36]

Q5) Hassan places £117 in a bank for 10 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£117.00 b)£234.00]

Q5) Sharney invests £8000 in bonds for 9 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)£7992.04 b)£15992.04]

Q5) Joseph buys a racing bicycle for £174 and is kept for 8 years. It depreciates at rate of 13% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£116.89 b)£57.11]

Q6) Sabrina places £379 in a bank for 14 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£530.60 b)£909.60]

Q6) Jenson invests £8000 in bonds for 11 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)£3073.87 b)£11073.87]

Q6) Jonathan buys a minibus for £5559 and is kept for 6 years. It depreciates at rate of 12% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£2977.38 b)£2581.62]

Q7) Jonathan places £552 in a bank for 2 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£99.36 b)£651.36]

Q7) Alfie invests £6000 in bonds for 12 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)£9109.02 b)£15109.02]

Q7) Alex buys a minibus for £4477 and is kept for 9 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)£3324.95 b)£1152.05]

Q8) McKenzie places £942 in a bank for 3 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£254.34 b)£1196.34]

Q8) Sabrina invests £9000 in bonds for 8 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)£7658.37 b)£16658.37]

Q8) Julie buys a minibus for £3514 and is kept for 11 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)£2411.27 b)£1102.73]

Q9) Jaden places £797 in a bank for 3 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£119.55 b)£916.55]

Q9) Jenson invests £8000 in bonds for 4 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)£2099.82 b)£10099.82]

Q9) Hammid buys a van for £1416 and is kept for 15 years. It depreciates at rate of 3% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£519.32 b)£896.68]

Q10) Logun places £935 in a bank for 9 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£420.75 b)£1355.75]

Q10) Ariel invests £3000 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)£800.31 b)£3800.31]

Q10) Hassan buys a racing bicycle for £5562 and is kept for 5 years. It depreciates at rate of 4% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1026.9 b)£4535.10]